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It's a tough balancing act. You don't want to dive all in and buy the nicest, fanciest, most expensive equipment right out. But also, if you buy too cheap, or too limiting, you're going to get discouraged.
Used is a really good balance between the two. Plan it out, figure out what you need, and meet someone locally to pick up their old stuff. Usually, if they're selling their starter equipment to upgrade, you can even chat with them about the hobby, and get some real good local advice. Maybe even and in with the local community.
It really is a win-win.
And when it doubt, if it has a motor or needs to hold a heavy object over you then go for something in the middle range of cost unless you will be using is professionally or as frequently as a professional. The cheap stuff can be dangerous, and are generally not that much cheaper than a decent home use tool.
Estate sales and garage sales are other places to pick up used tools if you have a rough idea of what to look for like the finishing touches that used to be put on older higher quality tools like smoothing mold lines. Old mismatched tools from formerly reliable brands like Craftsman can be had for cheap!