Originally Posted by
Prashun Patel
I wouldn't spend your money at once.
It's all contingent upon how you like to work. You cannot know this until you're years in - and even then it evolves.
Personally, I'd get a track saw, cordless drill, a plunge/fixed router, a miter saw, a jig saw, a shop vac, a random orbital sander, and a pocket hole jig (or Jessem dowel jig) and then take it from there.
You can do a surprisingly large number of projects with just this.
Buy your 'big 4' (tablesaw, planer, jointer, bandsaw) one at a time and as needed, if needed.
IMHO, the most questionable purchases would be a table saw (convenient for the majority, but a growing number of hobbyists prefer to work without one), and wide jointer/planers. These are expensive, and take up a lot of space. Some hobbyists don't find it inconvenient to work around a 6" jointing capacity of 12" planing capacity. And while I now own a 3hp cabinet Sawstop, if I were buying now with my current skill set/preferences, I might opt for a track saw and a better bandsaw.
When you buy your first of these four, I'd get a cyclone dust collector, a larger one than you think you need. But I would not pipe it permanently until you've purchased 3 or 4 of your larger tools.
A hobbyist shop is a highly individualized space so don't mistake the responses in this thread (incl mine) as anything more than personal (albeit well informed and valid) preferences.