Caveat: I'm a software guy. I burn myself when I solder. I make smoke come out of components. I might not be the right person to listen to :-)
With the exception of an oscilloscope, you can put together a simple bench for a few hundred dollars. I've had mixed luck stocking components (for instanced, either my circuits are clueless crap, or the 10Mhz crystals I bought off of eBay are just empty cans -- in any event, a circuit that should oscillate just sits there). I found a used Tektronix scope and couldn't be happier, it really makes a difference when you're debugging something.