I use chisels perhaps more than any other tool in my workshop, so it’s a good idea to not cheap out here. A high quality set of bevel edge bench chisels (new or vintage) will last you many years (likely  your entire life) and will be used on nearly every project. I’ve used some descent affordable plastic handle bench chisels, but highly prefer lighter wooden handle chisels with excellent steel.
1. Power jointer and thickness planer. I have developed various means of straightening the edges of my stock with hand-held tools, but I don’t see a way to efficiently flatten the faces of rough or reclaimed lumber without a power jointer. It’s part of the first few steps for any furniture project, and I want to be able to move through this step quickly and into the more interesting work. The thickness planer is also a huge time-saver, compared to hand-held tools.

now I finally know what to recommend my friends when I try to convince them to give handtools a try (I currently am doing an apprenticeship in cabinetmaking (unfortunately mostly particle board) and said friends they do the same and often have no clue what can be achieved with handtools alone) because up until now, I never knew what to recommend for sharpening as my setup is great but very expensive. And I guess if I recommend to get two stones instead of a combination stone, one can keep one side flat for flattening the backs of new chisels, and add a strop with some polishing compound I really can’t think of anything else one would need for a long time!