Micomark table saw and a micromark drill press. a dremel tool with lots of attachments, a cordless screw driver with 1/4 hex shank drill bit make a great freehand percision drill.

NUMBER ONE. get a Very flat board, hollow core door. GReat planes building boards aren't bad. The differance between a good wing and a marginal wing is being built on a truly flat surface.
[link=http://www.micromark.com/]micromark[/link]

realy alls you need is a dremel tool and a good coreless drill

hobby knife and a razor saw other hand tools, good sanding block and you can do wanders. The percision tablesaw and drill press makes things really nice.

GEt a dimond blade for cutting tile, do the bathroom floor and you can justifie to cost to the wife