Originally Posted by ShaveBucks

Unless this site is making you some good income, a dedicated server would be a gamble. Don't listen to the "it has to be golden!" GFY retards who can only have the best.

Dedicated is nice but there's a reason virtual hosting exists. Use it until you outgrow it financially.

There are a lot of areas to improve that will help the site speed that you should try first before sinking in a lot more money.