Someone on here made the point that it took them a few years before they got a clear idea about what they wanted to make. I can relate to that. I’m starting to think that I’d like to do a cabinet type build so maybe a plough plane would help with that. There are plenty of old Stanley’s knocking around on Ebay. On the other hand, I’m in no hurry to buy anything else – I feel much more inclined now to make do and explore the limitations of tools that I’ve got.
As someone who is just progressing past being a “beginner” (just getting into building furniture) in the woodworking community, I would say there are a number of changes I would make to your list. First, I would say that a power jointer/thicknesser does not belong on the list by any means. They are way too large of an investment and take up a lot of space (not to mention you can buy your stock at the desired dimensions). I also strongly disagree with the concept of joinery devices. As someone new to the trade, I feel this is a very important skill that must be developed, not skipped over by buying devices power devices that achieve a single goal. I think the jigsaw should be replaced by a good bandsaw. I just purchased my first major power tool and it was a 14″ bandsaw and not a tablesaw for space reasons as well as versatility. The bandsaw allows me to resaw, cut curves, (now that it is adjusted for drift) rip pieces of stock accurately that are thicker than a table saw could handle, etc. Once the cut is complete, a handplane can remove any saw marks and square/flatten a surface. It is also really useful for cutting tenons and dovetails. Handsaws can be used for crosscutting and anything else the bandsaw cannot handle. As for a bench, if you are getting into woodworking, this should be your first real project (and it is not expensive to make). You are also missing a good vise to be attached to the bench.
Being without machinery to dimension and dress rough timber myself I can definitely see the benefit, but I think the investment (both in money and space) in machinery like this is premature for ‘basic’ woodworking. Additionally, without some other machinery (table saw, bandsaw) you’re still going to have trouble dimensioning smaller timber for projects from large/rough stock (e.g. producing timber strips for case fronts, ripping to reduce thickness, etc).
I’m not sold on the need for a power jointer for flattening a surface. That said, I do have a Shopsmith 4″ jointer.. It’s great for jointing edges, and perhaps flattening the occasional rails and stiles, but it of course is inadequate for surfacing wide boards. Would a six inch jointer be better…..not by much. So what do we do? Go to an eight inch, or better yet a ten inch jointer? Now we’re getting into really big, heavy, and electrically hungry machines that are not really suitable for the small shop that is likely to be in a small shed or garage.
Jeff Strong, of Lamy, New Mexico is not only an accomplished craftsman and woodworker, but is also author of Drums For Dummies and Home Recording For Dummies.  Jeff began creating sawdust at a very early age while assisting his father, a master craftsman, build fine furniture.  He has designed and build countless pieces of furniture and has recently completed the designs for a commercial line of furniture blending Arts and Crafts and Asian infuences which has already secured representation with a gallery in Santa Fe, New Mexico.
2 small Japanese pull saws, a western push saw, fret saw, set of chisels, bit brace with a roll of arbor bits, rabbet plane, side rabbet (trim) plane, 2 shoulder planes, 3 set of diamond stones, slip stone, multiple files, a rasp or two, 2 small bar clamps, a mini vise, hand scrapers, scratch beader with cutters, combination plane with cutters, smoothing plane, jack plane, block plane, combination square, steel straight rule, 12′ tape measure, small bottle of glue, a few short dowels, 2 marking gauges, and a few different marking instruments (awl, pencils, marking knife).

Periodically people ask what I recommend as far as tools to build and begin their own DIY woodworking adventure. The journey looks different for everyone, and we all end up picking our own favorite things to focus on, of course. But there are some basic things most of us agree on. For this list of recommended items I picked the brains of some of my fellow woodworkers, and found a few common items. For a few of these I’ll reference you to a tutorial so you can learn more if you like.
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