"A generic 500w psu only put's out about 350w, which will fail immediately upon power up if you try to run that hardware on it. "
Note the word "generic". Please pay attention next time. Nobody said a 500w psu would not be sufficient, I said a generic 500w psu would not be sufficient, because it doesn't put out anywhere near 500w.
Trust me, it will fail as soon as you hit the power button with that hardware, can you say meltdown?
It's obvious your uneducated about psu's.