I put together a small beginner's shop with a Mill/Drill, 9x20 Lathe, 4x6 Bandsaw, and miscellaneous tooling. Plans for this new hobby include learning how to machine hardware for applications, such as microwave/RF projects and a longer term goal of building an 1/8th scale working model of a 60-ton, 3-truck Shay Locomotive that will run on live steam. Picture below show everything crammed in my tiny garage for the winter. The compressor is in a temporary place, until I rework another corner of the garage.
ENCO Mill-Drill	ENCO 9x20 Lathe	4x6 Bandsaw

Link to my 1/8 scale Shay Locomotive Project

Some machinery equipment supplier links:

Enco | Harbor Freight | Grizzly 

Some other Machine Shop related links:

Steve Bedair's 9 x 20 Lathe Page
Bolt Depot Fasteners - Machine screws in Stainl...
J. Kelly McCoy's Shop
McMaster-Carr
Measurement Conversion
Metal Express
Metal Supermarkets
Micro Fasteners - Hobbyists Source - Locknuts -...
Milling: Operations - Broaching
NEW! Hobart Handler 140 MIG Welder with Economy...
Notes on Soldering Silver
SILVER SOLDERING
Tap Drillbit Chart
The Virtual Machinist
Tool Holder for Carbide Inserts
Welcome to BernzOmatic
Welcome to The Home Shop Machinist
Welcome to the Primus-Sievert Home Page