You got a really good start. It is all about hunt down the deals and get there first. This is getting harder and harder because you get the people out there that ONLY buy the equipment mark it up to resell. Keep it up and the answer to your question is YES it just takes time.
Everyone has a budget. Some are just larger than others.
Trying to get the best sound you can within your budget makes one an audiophile, not the size of the budget.
Yes!
Don't believe the stay away from a receiver crowd, or it must be from here or... you get the picture.
Make your own rules and roll your own system...

The stuff at the bottom of the recommended components lists of Stereophile and The Absolute Sound are cheap already. Look on Audiogon for used stuff you can pick up for next to nothing.
For me, Audiogon seems to always be at the top end of the used price range (though usually you know it's well taken care of). Ebay is usually cheaper, than the cheapest is usually Craigslist.
My bargain basement system:
Sherwood RX-4109 stereo receiver $ 60.00 (Black Friday special at Radio Shack)
Sony BDP-S370 Blu-ray/SACD/CD player $100.00
Pioneer SP-BS-41LR bookshelf speakers $100.00/pair (Andrew Jones designed)
So, under $300 for a system of new components. The system delivers very good sound. Period.

In my opinion, absolutely and without question! As already mentioned, an "audiophile" is someone who always strives to get the best sound reproduction from the gear they have on hand or can afford to buy (if no gear pre-existing or when replacement is needed), no matter what the budget happens to be. What being an "audiophile" is not about, is money. Money has zero to do with sound quality. There is a club around my area that thinks being an "audiophile" is about out-spending the next guy and purchasing every little peice of snake oil that comes down the road and they aren't shy about it either. Most of these guys have more money than sense and are pursuing unobtainium = the perfect system or peice of gear right down to the inner-connects (and you should see what these guys are willing to pay for a single 3 foot inner-connect). I calls them "audiophools".
In my opinion, an "audiophile" is someone who asks questions to get educated about what they are trying to achieve within their means. An "audiophile" is someone who knows how to get the best out of every piece of gear they have, learning along the way. An "audiophile" is someone who learns to know the most important and impactful/effective changes and tweaks that can be made to improve the sound of their system. An "audiophile" is someone who knows that nothing will change or improve a poorly produced recording and that you can't polish a turd. Most importantly, an "audiophile" is someone who loves music and knows a good recording from a bad one.
Just my personal definition, agreement and disagreement will vary.
Personally, I don't care about the label "audiophile" one way or the other. I'm far from being daddy deep-pockets and who cares? Money does not make an "audiophile". It's all about the music.
Just enjoy the music.![]()
My personal definition of an audiophile has always been a person who has an ongoing interest in setting up, maintaining, and improving upon the best sounding music playback system THEY can afford.These two words seem to clash here. What is your opinion is it possible to be a budget audiophile? I am talking eating ramen every night so you can afford that next piece of gear type budget. Minimum wage type budget. Poor college student type budget.
Would love to hear your thoughts, and if you are a budget audiophile I would love to see the system you have.
I'll start things off, I am in all three of the above categories, I cut costs everywhere I can and buy at thrift when I can. I really started enjoying music about six months ago and have been collecting gear as I can ever since.
My system is a SAE-205 power amplifier 200$ this was my biggest purchase I couldn't find a decent Amplifer on craigslist for cheap. Kenwood 1070ke equalizer, A Kenwood kt-80 tuner, A pioneer rc 780 that I use for a preamp. I have two pairs of speakers, infinity rs-5000, and Warfedale w60ds
Amplifer: SAE a-205 200$
Equilizer: Kenwood 1070ke 10$i
Pre-Amp[sorta] Pioneer rc-780 free
Tuner: Kenwood kt-80 free
Speakers: Infinity rs-5000s 15$ + 20$ refoam
Speakers: Warfedale W60ds free
Turntable: Still looking for a turntable