This is an ambitious "new hobby"! If you really loose your mind, and want to try this, I recommend you talk to the Mrs. (mine that is). She has taught all of the above, (except perhaps the shearing) and would be delighted to get you started.

A word of warning; not all wool is crated equal. MOST free wool is worth about what you pay for it. Before you fill your basement or garage with some fine stinky wool, you might want to get some advice on how to determine if it is even usable.