With some help from the community ($1100 build for Telecommuting )I came up with this parts list for my first build. The computer is mainly for telecommuting for work - Office, cloud file sharing, minor Adobe CS, tons of multitasking. I will also use it for surfing and some video streaming/movie watching after hours.
NZXT Hale 650W M PSU,
8 GB Skills Ripjaws (2x4 at 1600)
Spent: $230 (purchased previously)
Most work product is stored in the cloud and I have very little music and movies on my system. On my current computer I have only reached 60GB on the hard drive in over 8 years and rarely delete the crap I should. I also have a 160GB external hd I can use for back ups. Worst case scenario is adding an HDD several years down to road but I doubt I will reach 100GB before it is time for a new system.