Dan, my work space that is available for power tools is quite small, about 6′ x 20′. It may seem like a lot on the surface, but a long rectangle is a bear to work in. It requires a lot of serpentine action. That said, I don’t have too much room for large footprint tools. I have settled finally on three big tools; a small bench saw, a thickness planer, and a drill press. I had to forgo the jointer, so I use hand tools to make up for it’s absence (as I do with a lot of my hand tool techniques). I have gotten to the point where I can flatten one side and true an edge of a board reasonably quick. I then finish it up with the thickness planer and table saw, giving me a nice flat board. I guess what I am basically saying is, there’s more than one way to skin a cat, and don’t write off hand tools as a quaint way to experience the past. They worked for thousands of years, and still do! Thanks for the blogs, they make for great reading.

More than a decade ago I spent 2 weeks in Maine aspiring to learn furniture making. On my return home I started enthusiastically planning to turn my basement into a proper shop – with all the “essential” tools I had learned to use. My list reflected my engineer’s preference for buying quality and quickly exceeded $25k in power tools alone (table saw, band saw, joiner, thickness planer, drill press…) even before solving the power, lighting and dust challenges.
This Combination Machine is similar to the G0634Z This Combination Machine is similar to the G0634Z except it sports our popular Polar Bear colors. It also has an end-mounted fence so you can work as close to your shop wall as possible. This feature is a real space saver and since this is a combination machine you're saving ...  More + Product Details Close
However, I would recommend that you either build a wooden workbench, or purchase one if you feel a workbench build is too advanced for you right now. However, I created the DVD “Building the Portable Moravian Workbench with Will Myers” so that even beginners can build a solid, portable, and very affordable workbench that will fit almost anywhere, using mostly or only hand tools. You can buy it in my store here. You can find Will’s free workbench plans for the Moravian Workbench here. Whichever path you choose, make sure you choose to either build or buy a heavy & sturdy wooden workbench, with at least a 3″ solid top, strong supportive base legs, and at least one strong vise.
I am finally getting to practice my woodworking more after years of collecting tools. By using tool reviews and thinking of the kind of work I would like to do, I have accumulated a nice set of tools without purchasing many mistakes. I decided to use Paul Sellers book and videos and start learning from the beginning. He starts with projects that begin with a small set of tools. One of those tools is a spokeshave. Even though I know much of what is in the first lessons, I have picked up a few new tricks, and am learning to use my tools more efficiently. My most important tools are my workbench and vise. The workbench was tough to build as I was on the floor using hand planes; not a good way to work. I have no jointer; did get a small planer and made a sled for it so I can flatten a board. My tools are in my house, so there is no room for a big table saw or bandsaw. I have a chopsaw and a piece of an old Craftsman tablesaw I got for free. It has to be moved outside to use. A circular saw with a guide is handy. My guide has a plate on which the saw is mounted. The plate slides on aluminum angle (with help of rollers) which is screwed to plywood. Once the initial cut is made in the plywood, the plywood is simply lined up with your cut marks and clamped down.
Wooden mallets are mostly used for hitting your chisels when cutting joints (like dovetail joints or chopping mortises). You should never hit a chisel with a metal hammer. Build or buy a mallet that is made of fairly hard wood (e.g. maple, oak, beech wood, etc.), that will feel well balanced in your hand, and that gives you enough weight to chop with your chisels.