Thank you all so much for your great input! I can't beleive how quickly everyone responded.Thank you Megazero and TheNinjaNextDor for the alternative builds, I'm going to look into those components thoughrouly and respond regarding them afterwards.
You all make a great point regarding the SSD, I had might as well get it first, I too have wasted a day moving files, formating drives, ext, that could have been avoided with better planning.
Regarding Megazero's first question, I live close to Toronto Ontario, I have yet to choose peripherals, though I have some older keyboards, mice, monitors, ext that will do for now. I am using windows 8.1 which I also already have.
The reason I chose a liquid cooling solution, k-series CPU, ext, was because I thought I might be overclocking it, and wanted the option. The higher wattage PSU was selected in case I wanted to expand more in the future, though it still might be a little much.