My father taught me the same -- always buy the best quality you can afford or wait until you can. He'd say, "How are you going to afford to buy it twice when you couldn't afford to buy it once in the first place?"This is true of many things and, once you have experienced a higher level of quality, it is generally hard to go back to the previous. My father taught me from a young age that, if something is important to you, always get the very best that you are able. My wife came to inherit this point of view over time and often says that I have ruined her because she always had simple taste in things. It’s a double edged sword for sure.
Thinking about this helped me get off the incremental upgrade path and more into the "one and done" mode of purchase in audio. Hence, the Taiko Extreme (and dCS, D'Agostino and Wilson Audio. . .)
Steve Z