Teak is an excellent choice, the “crème de la crème”, for fine outdoor furniture. Teak is highly weather-resistant by nature, which means that it does not have to be weatherproofed when used outdoors – although it often is finished and stained for aesthetic purposes. Teak is one of the most expensive exotic hardwoods there are, but it will look absolutely beautiful and maintain its integrity over time.

This is sequential to step one, but with a little difference. You choose simple and easy woodcrafts to make.  Ones that do not require investment in expensive tools. Nor do they require a lot of wood and raw materials. There are plenty of examples of such projects to be found. We have written about a few of them here. Small and popular wood projects can be made in large numbers and sold with ease, for a high profit. 

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. 
We us the ReStore also– What great finds–sometimes things we were even looking for–my other favorite place is the second hand stores–many times they have give away bends that I have reclaimed out of–and we have a neighborhood swap–my favorite of all is the FREE CYCLE– its is a community of people that just give things away– OH MY GOSH–when I need to get rid of things after a yard sale its the best– someone always comes and reclaims my curdside giveaways–I love–it stays out of the dump and someelse is using something they may need badly– I have found tons of great things,wood,tirers, paint–ect.
I have a stable income like a said earlier, but when it comes to having extra cash to just blow on a hobby, well I was never always that fortunate.  So when I wanted a new tool or even to just purchase lumber, I would have to save up until I could purchase it.  I know that sounds like most people, but it has taken me several years to just even get the basic tools of woodworking.
These how to videos and articles of information are dedicated to my woodworking instructor who trained me during my apprenticeship. This body of work is also in honor of the journeyman who were generous in sharing their woodworking knowledge and skills with me throughout my long career. All of you have helped me to make a wonderful living  in a great craft. My hat is off to all of you.
The first word that comes to mind for describing Jay’s work: Accessible. Even if you are brand-new to woodworking and don’t have many tools, you can follow many of Jay’s projects. It’s not just the choice of tools and techniques, but also his straightforward and friendly presentation style. Here is a video that’ll be handy for anyone just shopping for a new kitchen:
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.