No, it is not the best way to spend the money. I would go with something like this.
PCPartPicker part list:
https://pcpartpicker.com/list/vmZH8Y
Price breakdown by merchant: https://pcpartpicker.com/list/vmZH8Y/by_merchant/
CPU: AMD - Ryzen 5 2600 3.4GHz 6-Core Processor ($170.88 @ OutletPC)
Motherboard: ASRock - B450 Pro4 ATX AM4 Motherboard ($91.98 @ Newegg)
Memory: G.Skill - Trident Z 16GB (2 x 8GB) DDR4-3200 Memory ($151.99 @ Newegg)
Storage: Kingston - A400 240GB 2.5" Solid State Drive ($54.89 @ OutletPC)
Storage: Seagate - BarraCuda 1TB 3.5" 7200RPM Internal Hard Drive ($42.69 @ OutletPC)
Video Card: Zotac - GeForce GTX 1060 6GB 6GB Mini Video Card ($279.99 @ Newegg)
Case: Deepcool - TESSERACT SW RED ATX Mid Tower Case ($32.99 @ SuperBiiz)
Power Supply: EVGA - SuperNOVA G3 550W 80+ Gold Certified Fully-Modular ATX Power Supply ($59.89 @ OutletPC)
Monitor: Acer - GN246HL 24.0" 1920x1080 144Hz Monitor ($196.67 @ B&H)
Total: $1081.97
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2018-08-02 11:37 EDT-0400