Drill press should be your first investment
get a good one, spend the money.
Harborfreight, Jet, and Grizzly are made by the same foundry in China, the difference between them is quality tolerances. HF is their lowest grade, sloppy fit crap, Jet and Grizzly are their higher line. When you are getting a drillpress it is a good idea to go to a store where you can look at the product as a demonstrator. When evaluating a drillpress for purchase extend the quill all the way down, then back it up a quarter inch and see how much you can wiggle it sideways. If you have a friend with a dial indicator have them go with you, and measure the deflection. Get a good quality brand new drillbit or a 4 inch section of drillrod and put it in the chuck and rotate the chuck and measure the runout on the smooth section above the flutes. Also push on it and measure the deflection.
Your second tool should be a good quality hacksaw with fine tooth bimetal blades. DO NOT BUY A CHEAP HACKSAW OR BLADES
Your third tool should be a selection of Nicholson files. Flat, half round, barrette, round, triangle and square.
Your fourth tool should be a quality machinist vise
Your fifth tool should be a belt grinder
Your sixth tool should be patience,
your seventh tool should be a sense of humor
you will need the last two most
-Page