You have a few basic options to choose from - do you want a combination of portable equipment, a multiple workout station, or a free weight station? Getting a workstation like Total Gym gives you an all-in-one solution. I would first buy some basic equipment to work out your cardio, such as a treadmill or a stair stepper. This way you can get into shape before you start trying to build muscles and work on your figure. If you are creating a basic home gym, some of the easiest and cheapest equipment you could purchase would be medicine balls, weights or dumbbells, exercise ball, and a jump rope. If you are willing to invest a little more consider a machine you would enjoy doing cardio on like an elliptical or a treadmill. Then, also consider a piece of equipment you would enjoy building muscle on like a Bow flex or a home gym system.