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.
Just a little nitpick on the tape measure blurb. The hook should not be completely tight. It should move in and out about a 1/16th or the thickness of the hook. This way you get an accurate measurement whether you hook a part to measure or bump up to it. If you want more accurate measurements with a tape measure, “burn” an inch instead of hooking or bumping the part. Just line up what you want to measure with the 1″ mark and subtract that inch from the final measurement.
After you have chosen the perfect table saw for your wood shop, the next major purchase one should consider would be a compound miter saw. While not as expensive as a quality table saw, a compound miter saw is invaluable for cutting compound angles (beveled, mitered and combination cuts) on the ends of a piece of stock. Once you develop your ability to make precise cuts with a compound miter saw, you'll find that your circular saw spends a little more time in the drawer than it used to.
These YouTube videos provide great woodworking information that contains both traditional and modern methods. Each instructional video contains woodworking how to techniques to improve a woodworkers’ skills and also methods for how to work safe in the shop. If you want entertainment, then watch the video once. If you want learn, watch the again. If you want to master techniques and improve your woodworking skills, watch and study the videos repeatedly.
To get the most out of your router, you are going to want a router table.  You may find yourself asking if you really need one - if you do, check this post out.​  It's one of those purchases that you won't truly understand how valuable it is until you have one.  Given the budget of $2,500, I'd suggest looking at the Bosch RA1171 ($150).  If you want to see our favorite tables along with write-ups, check them out here. 

Just like a hammer and tape measure, a drill is something a lot of people already keep on hand for small household projects. Danny and I started out on a SUPER cheap drill when we first got married and quickly learned that this was not something to cheap out on.  If you plan to do much woodworking, invest in a quality drill.  It doesn’t have to be the best of the best, but do at least get a mid-grade drill.
Repurposed materials are taken from their original intent and utilized in another fashion. This refers to barn beams or siding, old wood floors, paneling or even wood pallets that had an original purpose, but are then transformed into something completely new. The possibilities are endless, as every repurposed piece has a little piece of history that comes along with it, and gives unbelievable character to the new project.
Ron Paulk is an extremely likeable mystery and I think he deserves 10x more subscribers than he has. I'm convinced he's a secret millionaire - he has a workshop in what seems to be the 20-car garage of a multi-million dollar mansion - which he claims belongs to a friend and he's only using it temporarily while they sell the house.  I think it's been five years now that he's been there.  But anyway, Ron is mainly a finish carpentry contractor - that's things like baseboard, fireplaces, kitchen cabinets etc.  He is a master craftsman.  What makes him unique is his approach to working - he is all about being portable, mobile and lightweight.  Every year he seems to fit out a new van or trailer as a mobile woodshop.  I've built Ultimate Workbench, Chop Saw station and fitted out a van following his designs.  He introduced me to Festool, which was a costly mistake for me!  I've built a lot of his projects, and I learned a whole lot along the way.
While an electric miter saw is a convenience, it is not necessary to do good work.  A quality electric miter saw will run around $150-$200, that by itself would destroy our budget.  A hand saw with a miter box does the job just as well at a fraction of the price.  This highly rated Stanley version for ~$60 should get the job done, albeit with a bit more elbow grease.
If you'd like to learn more about the differences between hardwood species, I can think of no better resource than R. Bruce Hoadley's 1980 masterpiece, Understanding Wood: A Craftsman's Guide to Wood Technology. Not only does Hoadley detail nearly every species used for woodworking, he does an exceptional job at describing how to prepare, work with and finish these hardwoods. This is an industry-standard resource, one that I'd highly recommend to every woodworker.
For many tasks you may not gain much benefit from going above 4-500 grit but polishing your axe to 0.33 micron certainly won’t affect edge retention. For finishing work, you certainly do want as well polished of an edge as possible since that means less scraping or sanding. A well honed plane can leave a surface that’s actually too smooth for painting.
Softwoods are often softer and more delicate woods in general, as the name would suggest, but aren’t necessarily always weaker than hardwoods. Although, they are generally less dense and not as durable as Hardwoods, which grow at a much slower rate than softwoods creating a denser and stronger grain in the wood. Softwoods come from coniferous (or gymnosperm) trees such as Cedar, Hemlock and Pine and lean towards a yellow to reddish tone by nature. Hardwoods come from angiosperm (seed producing) trees such as Oak, Cherry, Maple and Walnut and are generally darker toned woods. Softwoods tend to be less expensive than hardwoods, as they grow much more quickly and can be milled at a faster rate. While hardwoods are generally more expensive, the durability, strength and overall look is often worth the additional cost depending on your project needs.
The next thing to look at was how to order the list. Probably the most obvious was subscriber count (which is how it is ordered), video count was also a possibility. One thing I was looking at, was the subscribers to video ratio. For example the Channel Inspire To Make has 101,000 subscribers, but when you realize that they only have 20 videos, the subscriber to video ratio is very impressive. I really do recommend you check it out as the videos really are very well made.
Second, it is easier to learn to use hand tools on a solid bench than on a Workmate or some other modern clamping sawhorse.  The bench doesn't have to be expensive or large.  A 20" by 5' top will get you started.  Look at Chris Schwarz's second book on Workbenches "The Workbench Design Book" for ideas.  If you are a good scrounger you can recycle framing lumber from building teardowns to build a good bench for next to nothing.  A vise screw to make a leg vise is less than $60.
We’ve already done rope, and now we’re on to another rustic material we love: wood! It’s as basic of a material as clay and is constantly reinvented by DIYers, crafters, artists, hackers, and carpenters. To get inspired to create our own batch of cool wooden objects, we turned to our favorite fellow makers to see what projects they’ve come up with. Scroll down for our top DIY wood project picks.
The best advise I can give you is to get and read the book "Hand Tool Essentials" by the staff of Popular Woodworking before buying any tools.  It is sort of an inexpensive crash course in hand tools.  Chris Schwarz's book "The Anachrist's Toolchest" is another good source of information on handtools that I found to be a fun read.  Use the internet to learn all you can about a tool before buying.  The tools you need are dictated by what you want to build.
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