I see it a little differently:
1) Buy good quality stuff, no exceptions. Good quality does not necessarily mean expensive.
2) Do not listen to old timers unless they are proven reliable. Too many old timers in reloading are using bad methods.
3) No comment, except to be careful when handling lead. Especially use good ventilation, preferably outdoors.
4) You will not spend more than you first thought if you carefully plan what you need and shop accordingly. If you do that, you will know know almost exactly what you will initially spend, and what you will spend for ongoing expenses.
5) The bullet companies have the best data because they are publishing loads based on the full and specific set of factory components used to make the loads. Those that use typical sporting arms for their testing are the best of the best. Also see response #2.
6) Do not seek advice from anyone until you have read and understood the best practices of reloading as documented in reliable loading manuals such as Speer and Hornady. See response #2. You need to know whether the "old pro" is worth listening to. Most are not.