Well, how much space do you have for a shop? And what do you want to make for a project? Maybe a couple adirondack chairs for the back yard (that always seems to impress....good justification for a few tool purchases
).
And not to be too personal but is this a permanent shop or are you going to be moving in a few years?
I think if you want to keep woodworking as a long time hobby the first order of business is dust collection from your yet to be purchased tools and machines. Many have had to give up woodworking because they unintentionally permanently damaging themselves breathing in fine sawdust particles. And if you work with sheet metal you can probably make yourself a nice dust particle separator cyclone.
Then a bench........which also kind of depends on what you want to make.
Do NOT get a trivial bandsaw. Most anything less than 14 inches is a toy to be avoided.
And a table saw. Do not buy anything that doesn't have a good fence or something you can't mount a biesemeyer fence to. Or you could get some tracksaw kind of system like EZsmart at eurekazone and avoid a table saw.
The odd thing about a saw is that some of the more industrial machines are 3 phase motors and so heavy and cumbersome to move they can be had for far less money than what they should go for. Like a Tannewitz for less than $500 or an old Oliver (not the new ****), or maybe an altendorf or martin sliding table type if you've got the space (and $$$$).
Of course, there are a whole bunch of people out there who restore old machines and pretend to be woodworkers (you know who you are unisaw people
) and there are others who buy everything under the sun brand new and then sell it on craigslist 3 years later when they find out they would rather do something else.
Woodworking is a wonderful hobby for tool collecting, but you do have to actually make something once in a while.....maybe a toolbox.
Quoted for truth!