Adam has definitely advocated that approach. Not that I'm some kind of authority, but I strongly second it.
Early in life, my uncle Ray suggested doing that and showed off an impressive collection of tools. And he was that fix it uncle that had a big influence on me as a kid. We tore into basically everything and I never saw him without some book or other close by. One thing he liked to do was stock the car trunk in addition to the shop stuff. Road tools get lost, loaned out, abused, whatever it may take to deal with a scenario on the road. To that end, I've put some of those cheaper high count sets that come in the fold up containers. Perfect for the trunk.
And a diverse collection is really the other side benefit. Gives a person a lot of options. Most of the time they all see light use except for a few. Going expensive limits the collection unnecessarily and that limits what one can do, or might attempt to do, again unnecessarily.
The value from having a broad set of stuff generally exceeds the replacements that will come along the way. And that's mostly true, even when there are periods of inactivity. Others may benefit. Doesn't hurt to lend a tool, or a hand to help someone else get through a project.
And frankly, as people gain experience, learning where tool limits are tends to cut back on the wear and tear on even cheapo tools. It all tends to add right up.
The other strategy I would suggest is scoring tools every year at yard / garage sale time. Estates are often great for this too.
Sometimes I will see a collection and just bulk buy if I can. Over time I've lost some while moving and that was a great way to stock back up and have a lot of options for not very many dollars.
The only variation I would suggest is to avoid very rock bottom stuff, like dollar store, or that crap in the hardware store promo bin. Some of those might not even survive the first use! But, it can be hard to tell too, YMMV.
Early in life, my uncle Ray suggested doing that and showed off an impressive collection of tools. And he was that fix it uncle that had a big influence on me as a kid. We tore into basically everything and I never saw him without some book or other close by. One thing he liked to do was stock the car trunk in addition to the shop stuff. Road tools get lost, loaned out, abused, whatever it may take to deal with a scenario on the road. To that end, I've put some of those cheaper high count sets that come in the fold up containers. Perfect for the trunk.
And a diverse collection is really the other side benefit. Gives a person a lot of options. Most of the time they all see light use except for a few. Going expensive limits the collection unnecessarily and that limits what one can do, or might attempt to do, again unnecessarily.
The value from having a broad set of stuff generally exceeds the replacements that will come along the way. And that's mostly true, even when there are periods of inactivity. Others may benefit. Doesn't hurt to lend a tool, or a hand to help someone else get through a project.
And frankly, as people gain experience, learning where tool limits are tends to cut back on the wear and tear on even cheapo tools. It all tends to add right up.
The other strategy I would suggest is scoring tools every year at yard / garage sale time. Estates are often great for this too.
Sometimes I will see a collection and just bulk buy if I can. Over time I've lost some while moving and that was a great way to stock back up and have a lot of options for not very many dollars.
The only variation I would suggest is to avoid very rock bottom stuff, like dollar store, or that crap in the hardware store promo bin. Some of those might not even survive the first use! But, it can be hard to tell too, YMMV.