I am starting to take classes in machining. I have saved up $40,000 to buy equipment and have the ability to save $1400 per month. I have am using my family's Houston welding shop space for free so I don't have to worry about rent. I have a day job as an corporate internal auditor and I grew up in a successful welding/body shop - so my business skills I think are quite good. So my question is with $50,000 what machines would you buy to start off. I'm sure I will be buying a lathe and a CNC mill. Do I spend $40K on a CNC or go with a CNC in the $14K range. Should I be thinking of being a machine shop or is it feasible to set my goals to be a manufacturer.
I ask these questions early as I want to plan for all this.
Thanks for your suggestions