There is a huge gap, in this age, between need and want. I don't have 1/2 the tackle my son does, but I use everything in my bag of tricks.
All the bells and whistles are nice, but they don't make a good angler.
I remember being told this story once.
At one of these big tournies, in Florida, you have the big names, boats, reputations to match going after big $. One angler had carefully prefished the Big O with all sorts of lures and tactics. He kept quiet about the areas he had fished, hadn't spooked them. Knew what they would chase and marked them on the GPS. After the 1st day this angler is in the top 5, and he has saved his honey hole til day 2.
Next morning, blasts off in his Ranger with the big Merc doing 100 across the lake to race to the sweet spot. He figures he's got the tourny in the bag. Gets there to find a local is sitting right in the middle of the hole. As he pulls up, the local waves him over, as he catches another hefty fish. Being a typical fisherman he can't wait to boast. "Fish were on fire. They just kept inhaling the shad", he'd boast. "You can have the spot now, and don't you worry son, I put all the bigguns back"