I agree... this method of cutting would be far better than a cheap table saw... (I wish I had known about this when I started back into ww'g)Its far better to get good tools appropriate to your scale. There are some systems with a circular saw that runs along a fence that you clamp onto your work piece. Something like this - the is a fancier one that the saw can plunge into the work piece but I can't remember the name.)
Anyway - something like the above or the fancier version will take you further than a cheap table saw that has no precision. You can use something like this for cross cuts and rips.
Check out the forum posts from Niki - he does a lot with basic tools. But every one of his "basic" tools are very high quality.
Remember your trusting your fingers to your skills and your tools. Personally I plan to count to 10 for a long time. You might check into a local jr. college woodworking class. That where I learned the basics and you don't have to buy any tools for that.
As an alternative to grinding wheels, etc., I have found the Scary Sharp sharpening system to be Fantastic!Hello stewie . I would recommend taking a couple of woodworking class at a local school or community college. See if they have any class in the fundementails of woodworking. What i would do next is by a good paire of chisels a wood mallet to go with it an learn how to use it then get a good table saw or a circular saw system. I agree with the other guys you should put your money into good tools and not cheap ones if you are serious about woodworking. You will need a small gringing wheel to go with the chiels so you can sharpen them and a combo sharpening stone resaon that will save you money in the long run instead of buying a bunch of stones. The combo stone are course on one side an fine on the other. I wish you luck an if you need any help let me or any of use on this forum know i am sure most of us are glad to help.