People have done good things with less, there are some things on this site that were made with freeware like modplug even. Don't focus too much on tools, it's nice if you can buy a lot of toys but it's definitely not a necessity.
Anyway, it's easy to get frustrated if you set your immediate goals too high, or for that matter if you're only really trying to appease others(the judges panel, listeners, whoever). It's easier to stay motivated if you can find enjoyment simply in composing and making incremental improvements.