I started with a "cheap" 7x14 minilathe. Wanted to get my feet wet, and see if I really liked machining, or if it was just something that "sounded" fun. Turns out it stuck. I have since parted with my first lathe, and have upgraded to a larger manual lathe, and a knee mill which I have converted to CNC. I think that I would have been lost if I had jumped straight into CNC. Down the road, if you decide you want to move on to CNC, you can either convert your machines, or re-sell them to somebody else in your situation. IIRC, I sold my minilathe for a bit more than I got it for (well, I through in a bit of kit with it), not bad for a tool that I learned on for 3 years, and completed dozens of projects with. Machines (especially smaller, hobbyist machines), tend to have good resale value, especially if you treat them right.