We are in a pretty good situation right now. We own a small PA and a large PA, and we have a nice rehearsal/studio space which is set up to record. We have been splitting our money recently but we do need a new band vehicle as our last van has moved on to greener pastures (pretty much anything is greener that that old Chevy). I find it's best when you don't rely on your gigs as a source of income. It allows you to take some lesser paying gigs that may be good for networking.