Need to upgrade MSI Aegis 3 Desktop, $500 budget

[20_below]

My work has an MSI Aegis 3 Desktop from 2017 that is used for video editing that is in need of upgrading.

 

https://www.msi.com/Desktop/Aegis-3

 

It is currently equipped with an i7-7700 cpu, gtx 1070, 16gb ram, 256gb ssd and 2tb hdd. My boss gave me $500 to upgrade it to give it better video editing capabilities. My initial thoughts is to replace the hard drives and put in 32gb of ram in it. 

 

PCPartPicker Part List

Memory: G.Skill Ripjaws V Series 32 GB (2 x 16 GB) DDR4-3200 Memory  ($109.99 @ Newegg) 
Storage: Crucial MX500 1 TB 2.5" Solid State Drive  ($107.49 @ Amazon) 
Storage: Western Digital Black 6 TB 3.5" 7200RPM Internal Hard Drive  ($227.99 @ Amazon) 
Total: $445.47
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2019-11-25 15:40 EST-0500

 

The ssd that's in the machine now is pretty slow, so upgrading it seems like a no brainer. The 2TB hdd could also use a face lift. 32gb of RAM seems like it would be more beneficial than say upgrading the cpu or gpu.

 

Thoughts?

[Streetguru]

27 minutes ago, 20_below said:

 

Should totally just raise the budget and buy my 1950X +Cooler + motherboard + 32GBs of RAM....

What software are you using?

Otherwise ditch the 7700 first and foremost.

You could either get a 3700X + X570 board for ~$500

 

or get the last gen 2700X and it's probably good enough, though you're unlikely to need 32GBs.

 

Then just sell the left over components and buy a large NVME drive + hard drive

 

Not sure what the cooling situation is for that case.
 

PCPartPicker Part List: https://pcpartpicker.com/list/4rPkYT

CPU: AMD Ryzen 7 2700X 3.7 GHz 8-Core Processor  ($189.55 @ Amazon)
Motherboard: Gigabyte B450 I AORUS PRO WIFI Mini ITX AM4 Motherboard  ($116.00 @ Amazon)
Memory: G.Skill Ripjaws V Series 32 GB (2 x 16 GB) DDR4-3200 Memory  ($109.99 @ Newegg)
Storage: Intel 660p Series 1.02 TB M.2-2280 NVME Solid State Drive  ($82.99 @ Newegg)
Total: $498.53
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2019-11-25 16:06 EST-0500