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Here it is. My music is shitty but I suppose my gear has a lot more potential than I do.
DAW: Reason 9-- comparatively expensive as hell, but it's $400 and you get the whole package. Not like FL studio where they give you a minimal collection of VSTs for $300 but basically leave you on your own for instruments, unless you cough up another $500. Comes with a ton of different instruments by default and has a easy wiring modular-style setup. Non-distracting UI and the workflow is awesome once you start practicing. The mixing section comes with toggleable gate, compression and EQ on each track, and actually is modeled based on SSL consoles. It has a sweet Master Bus compressor useful for general dynamic control on tracks. Mastering section is no different for applying effects to the whole track than adding an instrument to a track-- just simple wiring. Send effects are pretty cool, too. I'd recommend it for anyone who doesn't want to produce _just_ EDM. It comes pre-packaged with thousands upon thoudsands of instruments, but I mainly only used the sampled ones as I usually do my own sound design.
$40 Monster headphones
Rack Extensions: Mixfood AmbiNature, Mixfood Orange, Mixfood Unison XS, Antidote by Synapse, Zero Hybrid Synthesizer by Blamsoft
The extensions to Reason generally give most of my songs life. I've found that with a few basic REs you're able to replicate most sounds of any modern style. The Mixfood stuff I use is more for ambient tracks, though.
This doesn't add up to much more than $800 and is relatively cheap if you just want to kickstart yourself.