I see some saying go straight to MiG, some saying stick first. Choice of type is dependent on a few factors.
1) Where will you be doing the most welding? Indoors or outside?
2) What do you want to weld most? Thinner material or heavy stock? Steel? Aluminum? Stainless?
3) Is this going to be for profit, or just fixing your own broken stuff?
In-shop welding: 90% can be done successfully with a DECENT MiG welder. 220V machine capable of running 035/045 solid wire, gas shielded. (Straight CO² IS FOR BEER, NOT WELDING) Mixed gas welding will make all the difference in your welds. The best all around mild steel mix is 75/25 Argon/CO², but there are others. Straight ARGON is for Aluminum, while Stainless can use other Argon mixes, or straight Argon.
The little 110v Flux core gasless MiG welders do not fall under DECENT EQUIPMENT, in my book.
Outdoor welding can be done with a MiG, but it requires more shielding gas, wind blocks, and all manner of not so fun work. I do use a MiG outdoors on occasion, but I will almost always go to the stick welder. I have a Miller Bobcat 250 engine driven welder/generator that will burn ⅛" 7108 all day long, every day of the week. (My preferred rod on most "junk" is actually 6010, or "sucker rod". Doesn't make the prettiest welds, but you can run it in any position, through rusty metal, even a little water.)
Now I know there are some who'd argue points I've made. Don't care. I've been a certified welder nearly 30 years. If you want advice, I'm giving it freely.
Rule #1 DON'T BUY THE CHEAPEST EQUIPMENT.
Rule #2 DON'T BUY THE CHEAPEST MATERIALS.
Rule #3 PRACTICE. PRACTICE. PRACTICE.