Replace the 4-way toolpost with a wedge-type quick-change toolpost.
Rather than buying every possible tool at once, just buy the particular tools needed to do the job you are working on at the moment, because when you first start out you may not even be sure what you need. As the years go buy you'll accumulate quite a few tools.
At a minimum you'll need a cut-off blade, at least one left hand turning bit or holder, an outside threading tool, and at least one boring bar.
I can't see where you are located. I buy a lot of tools and bits on ebay. Also Shars. There is a Hong Kong seller on ebay, "Bang Good," that has some good deals on lathe tools. But when it comes to drill bits and taps, I try to get American made because they seem less likely to break or chip.