First, let's dump that hand powered saw/miter box.  It gets the job done, but it takes forever.  We're still on a lean budget, but shelling out ~$110 for a 10 inch electric miter saw makes a lot of sense.  This won't be your forever saw, but it should do fine for most projects.  It can handle up to a 4x6 stock which will cover 99% of what a beginning wood worker will throw at it.  
One of the great furniture woods, Mahogany has a reddish-brown to deep-red tint, a straight grain, medium texture and is moderately hard. It takes stain very well, but looks great with even just a few coats of oil on it. For an even more distinguished look, exotic African Ribbon-Striped Mahogany adds amazing grain and texture elements to this already beautiful species of wood.
After years of digging down under router tables, lifting the entire unit up to change bits, and then fighting to get the plate flush again in the table, I chose to spend the money to pur­chase a router table, fence, and lift system. I did a thorough review of these systems, and chose the Canadian made Jessem Rout-R-Lift II kit. The system comes with a solid steel stand, a phenolic table, an adjustable extruded aluminum fence, and their base model lift system. For budget reasons, I did not choose the hefty Mast-R-Lift, but I am quite happy with the lighter Rout-R-Lift II. It will last me a couple of lifetimes, so it is the right system at the right price for me in my one-man shop. Hats off to Jessem for making a great lift at a very rea­sonable price in the middle of a tough economy. The table is durable, and flat. The direct drive lift is smooth and precise. I mated the lift system to a mid-sized model 690 Porter Cable router, which has a fixed speed, and enough power to do any­thing I need. The Jessem system uses a bayonet type mount for the table inserts, a nice touch that makes swapping the table insert quick and simple. As with all my machines, the router table is connected with the supplied dust port to my shop dust collection system with automated switching.  

There are some basic things every woodworker needs to get started. Assuming you aren't the kind of person that does everything with hand tools, you'll first need a drill. Power drills come in many different styles and price ranges. The popular trend right now is for companies to make cordless tool systems that all run off of the same battery packs, and a drill is often the first tool a person gets in the set. Cordless drills are popular and handy for doing household tasks , such as hanging picture frames; but for serious woodworking, they can lack power and might die in the middle of a job. Corded drills are a less expensive option and often work better for the tasks you'll be doing in a wood shop; just get a cheap extension cord to go with it. You can easily find a corded drill of good quality for about $100.
Your moisture meter should have settings on it that will account for different species of wood. For instance, oak is a hardwood, but ebony is an even harder density wood. If you are planning an inlay job using both types of wood, you will need to know the moisture content levels of each of the two species so that your inlay glue joints will stay intact. These different wood species have different specific gravities, which must be used or programmed into the moisture meter.
Assume that there aren’t any decent tools on craigslist or at garage sales, and keep in mind that I have absolutely no tools, dust collection, shop-vac, clamps, sanding & painting accessories, tables, materials to build my own tables/stands/jigs, or anything else—not even safety gear (you’re such a good buddy that you even let me borrow your extra set of goggles and your earmuffs when I used to come over).
Frank’s work is visually arresting. This is not necessarily a channel you’re going to learn from, if you’re a novice woodworker or just getting into the field. The main reason to subscribe to Frank’s channel is how gorgeous his work is. The pieces he makes are always artfully conceived, even if it’s just a simple bookcase or a bench. Add to that his killer stop-motion and filmmaking skills, and you get a YouTube channel you can share with anyone, even if they think they’re not remotely interested in the craft.
Woodworking is a fun hobby, but can be expensive as well. With all the power tools, hand tools, shop setups and, of course, the wood, many people are turned off to woodworking because of the impact on their wallets. That doesn’t have to be the case though. With a little pre-planning and inside knowledge, you can set up a basic wood shop and start making your own items without breaking the bank.
The solution to potentially wedged boards on a jointer is to add a planer to the mix.  A planer has a flat surface with a cutting edge that is exactly 180 degrees to the surface.  This allows you to position the jointed edge flat on the planers surface and make a cut to the opposite side of the board that is perfectly square.  As an added bonus, the planer allows you incredible control over the thickness of the boards you're planing.  ​
The next important hand tool for the woodworker is an accurate tape measure. Get a retractable one that is at least 25 feet long. Any longer than that, and you start having problems getting it to roll back up. Since measurements on large scale projects can be very susceptible to even the most minute measurement variations, you’ll want to make sure the “hook” or tab at the end of the is firmly attached, with no give. When they get loose, you’ll have as much as 1/8” variation in your measurements. This can add up to some severe accuracy problems in the long run.