Here I go again...I need this, I need some help for that, etc.
Well, this is the situation here folks. As some of you know, I will soon have two computers. Thanks to all the help some of you have given, I have essentially solved all my problems on which accessories I should buy.

Anyway, I want to network my computers together when I finally have both. I have read up some things about phone-line networks, wireless networks, and regular ethernet networks (all in-home networks), but for my situation, I am still somewhat unsure on what to get. Here are the VERY basic specs of what will be both of my computers:

(1)
ABit KT7A-RAID Motherboard
1.2+ GHz AMD Athlon Processor
512 MB PC133 SDRAM
3Com/USR 56k Faxmodem Pro PCI

(2)
BCM KR632 Motherboard
533 MHz Intel Celeron Processor
224 MB PC66/100 Compatible SDRAM
3Com/USR 56k Faxmodem PCI

I don't think anything else is info that necessary (e.g. soundcard, graphics board, etc).
But if it's needed, I can tell everybody what they are.

I am planning on using both computers for network gaming, sharing files, and sharing a printer. I want both to connect to the Internet without having one another powered on all the time, and if it is possible, I want both to be able to get on the Internet when the other is already on it. I just want to know what networking peripherals I should use.

I talked to a friend of mine and he said that essentially, I don't even need a hub to setup my network. All I have to do is get 2 10/100 MBps Ethernet Cards, install each in each computer, and connect both computers up using a cable specifically made for networking AND sharing internet connections (I forget what the cable is called... ).
I could simply connect both computers into a phone jack on the wall using each one's modem, and in order for both to be on the Internet at the same time, one already needs to be connected to the Internet. I would have to set each computer up as a server & client.

In short, is this a good way to setup my network up, or will it not work?

My thanks for any help given. If you have any questions, just e-mail me or ask via a post.