Focus most importantly on getting lvl 57-59, get yourself an Iron Bow +7 or +1 reversed, dual Kekuri rings +0 or higher, stick to renting to get Chitin Bow+6 and Chitin Set+7 (shows +5). Keep your earrings as quest until you get those Kekuri's to at least +1. Later on, get 12/14 or 16 DEX Earrings to replace the quest earrings. Just make sure your always running in PK or your most likely going to get rolled. Killsteal for the win as an archer. If you want to tank a little more, get yourself some HP valks, a DD helmet at +5/6 or 7, Rogue DEFENSE Pathos gloves (it will be better than the attack pathos in Ardream because more than 50% of your opponents there are rogues and your already an archer, aka AP whore) and if found, an Amulet of Dexterity/Priest Pendant if you can find for really cheap.
1) Should i buy anything or just use the 500m to get some more money and continue to lvl with my current gear?
A: Yeah, personally I would save the 500m and invest in making more. You need to spend money to make money, everybody starts somewhere.
2) Should i spend say 300m on gear and use the rest to continue getting money?
A: If your really looking forward to PK'ing as soon as you reach level 57, yes. If your patient and your willing to "save the best for last", get level 59, a stable clan with some friends, make more money to get better gear and then work your way up even more. If your clan choice is one who is always killing bosses in Ardream on server restarts for example, I would personally spend the 3gb and start PK'ing then, get yourself in on a share.
3) Should i get Chitin +7 or FP +8 for lvling?
Just use the rental system. If you spend 30m on 4 pieces of Chitin+7 for example, 300k rentals accumulate to using them 400 times until it becomes equal to if you simply bought the armors yourself.
4) What accessories should i aim towards getting?
A: Elf Belt +3 or Judicious Belt +3; Dual Kekuri Rings +3 or Dual Ring Of Live's +0; Priest Pendant +3; Dual Silver Earrings +3 or Dual 16 DEX Earrings. As expensive as the items may be, always have a mindset of gearing yourself to the max, be cheap, you'll get far in the game.
5) Should i wait until say lvl 60 to think about getting new gear?
A: Everything I've written so far is only concerning toward an Ardream archer. If you don't plan to sticking in Ardream, post a reply, I'm willing to continue a simple guide for ya.[/b]