Hello, Sgmartz -
Most of the tools used for plastic models can be used for wooden models - hobby knife, magnifier, clamps of various sizes, paint and brushes, adequate lighting, and others.
A Dremel and a set of sanding tools will help with shaping wooden parts. Sandpaper in a range of grits is a must. A pin vice with small drill bits will be needed for drilling holes.
Sometimes kit manufacturers will have a sale on tools. Sign on to Model Shipways and other email lists to get a better idea of what's available.
Cruise this site to get more ideas.
Hope this helps - Kenneth
Kenneth Powell's post in Switching from plastic to wooden kits - which tools do I need? was marked as the answer