Yeh, go for it. When I was young I did bits and pieces on my car, but then just put them into a garage after that. Then got fed up with garages doing a poor job, so decided to do all maintenance myself. I've had my Freelander for 8 years and done all the maintenance on it apart from changing the timing belts. I'm no ninja mechanic, but have kept the old girl reliable and in decent condition. Most jobs on a car don't require an awful lot of knowledge, especially when there's help on the forum, but they do usually require care which you'll give it if you're doing you're own car. Freelanders are very easy cars to work on. You get a bit more space to work in as its a bit bigger than a 'normal' car, but all the bits are 'car' bits rather than big heavy cumbersome 4WD truck type bits. Its a good combo for working on them.
As for the axle stands, like most things, nobody knows what to do with them when they first need to use them in anger. Just ask around for advice. I've had my car up on axle stands on numerous occasions and it still scares me a bit. I won't get under the car if its on axle stands if I can help it - I will either drive (or jack) the car onto blocks (I use paving blocks but search hippo ramps!) or use my inspection pit (I'm lucky to have one). I try to only use axle stands when doing stuff like brakes when I'm working side on to the car. Even then, I'll still have both my trolly jacks supporting bits and the wheels below the sills
As said, you'll get a great deal of satisfaction from it, even if getting to that point may be fraught at times, and you'll save yourself a load of cash. I think of it as one of my hobbies - which it is.