Lets see how this will turn out..camera comes in about a week
Why didn't you wait a week to make this thread? Were you looking for instant gratification from "Oh, look at me, I invested?" Because as of now, your circumstances are the same as they were yesterday, except you're $500 poorer.
"How this will turn out" is up to you. If you don't have a plan, or don't have the work ethic, then you buying a camera will do absolutely nothing.