Light Kuyak
Nordic Warlord Helmet
Mail boots
Mail mittens
Heavy bastard sword or german greatsword
2x heavy throwing axes
I make money slowly but consistently with this setup.
I've started using Lamellar Armor now which is more expensive, so I wear a mail hauberk for 1x and 2x and then shift to the Lamellar Armor for 3x and beyond. Still gaining money.
Another good idea is to do 1 generation as an archer. 1 quiver of bodkins, 1 quiver of "arrows", 1 sidearm, 1 bow and the standard archer armor, which is all crap. You'll make a lot of money with 1 generation as an archer. Assuming you can stand to be an archer.