Woodworking is sorta like photography in a sense that you can never have too many pieces of equipment. A basic camera with a couple of lenses will get you going.
In woodworking, I would give some thought as to what you want to build. Keep it simple. That way basic tools can be bought and they will work for future projects.
I have purchased tools in the last couple of years that I "needed" for projects and some I just wanted, period!
A table saw will be a big aid in whatever you are going to build. It will allow you to rip boards to the desired width, and cross cut some to the desired length. A cross cut sled like the one shown below, will be a big help. I used the plans published by Woodsmith magazine. It is called the "Precision Cross Cut Sled". Google it and you should find it.
Also, a router will come in handy for a lot of things ranging from making dados and rabbets to cutting profiles on the edge of boards, and the list goes on. Some routers today are sold in combo kits which means they come with a fixed base and a plunge base. I have a fixed base mounted under my router table. I use the plunge base for almost all of the hand held operations.
A simple tool I use all of the time is a random orbital sander. For dust collection from it, I hook up the hose from a simple Lowe's Bucket Max. That would work pretty good for you also.
Take some time and search You Tube. There are many videos out there that may prove to be helpful including Steve Ramsey
and The Wood Whisperer