I can certainly understand the:
-Not enough money, and
-Not enough room
issues, but cannot give you a bye on the:
-Not skillful enough, and
-Not worthy (of good machines and tooling)
Machining is not easy to learn. It takes time, effort, practice, and often help. Hobbling yourself with poor machines and tools will make the learning slower, more frustrating, and more confusing. It will make you less likely to succeed. On the other hand, seasoned machinists know what they are looking for and how to get there. Poor tools and machines can be compensated for if they know how. They can have great success and turn out beautiful and accurate work with poor machines and tooling. Beginners deserve and require decent enough tools to work with to help achieve initial success. Otherwise, they can often fall along the wayside, confused and frustrated. The other thing newcomers really need is mentors, when in a self taught environment with no school, no teacher, no master machinist, no apprentice and journeyman programs. Find someone or even better, multiple ones who can help you with problems. H-M is really useful, and is a real godsend, but we are not physically looking over your shoulder and really seeing what is going on, good, bad, mediocre, and/or dangerous. Self taught newcomers really need that input to put them on a workable and safe learning path to success. Even just some friends who are machinists where you can hang out and watch is very useful, though you will need to sort out and vet the good, bad, efficient, inefficient, safe, and dangerous practices by thought, study, and practice. Hobby machining is often a sport for loners, but it need not be that way, and is a lot more fun with mutual help and camaraderie...