I appreciate the direct response and you did exactly answer my question. That said, as long as things don't go too crazy sideways I see that many are also giving helpful and honest answers that allow me to fill in some of the blanks.
I haven't fine tuned my gear list, but I hope to come in just under $8K if I'm lucky in the public draw. That's everything starting from nothing. More if I need to buy a landowner tag here in NM. I know that sounds crazy since I'm absolutely in the same camp as those people that say you can hunt in Walmart camo and a cheap frame back. That's the way I did it in my youth, but the only difference now is that I'm older and in need of more comfort. I will need help to pack out an elk in backcountry...not that I'll be successful the first year, but still planning for success.
Big money items for me will likely be the cost of a horse pack-in/out ($1,200), pack ($600), bino's ($$$), Compound Bow and all the accessories ($1500), Rangefinder (already bought Leica 2400-R, $550), Tent ($600) and clothes and boots ($1000?). I know the clothes and boots category seem crazy, but I don't have any rain gear, no merino anything and I'm not sure my new Merrell boots will do the job. All the other little stuff adds up pretty quickly.
All this will get sorted this summer after the calves drop in June. I will have the time to scout my area solo on 3-5 day backcountry trips. That's why tent and pack costs are high...I'm concerned about oz's since I'm carrying everything at high elevation. I will rent high-end bino's for my scouting trips and compare these to the cheap Celestron and Nikon ones I have now. The best Swaro's can be rented for about $300/wk.
I'm surprised at the lack of hard-core hunters that don't admit they have $20K plus of stuff around them during their hunts. Multiple high-end bino's, spotting scopes, tripods, sxs's and all the gear you see advertised on these sites should easily add up to that those higher numbers, especially when $3000 landowner tags and outfitter costs are dropped into the mix.
@BarCO wrote that the more equip he bought the less successful he became...is that a general truth? Maybe to a point because the focus becomes less on hunting and more on equipment.