The term 'lots of money' is a relative one. I consider lots of money to be over $75,000.00 for a single machine.
BTW there is nothing that Grizzly sellls that interests me in the slightest, however, getting a machine from them is probably a good thing for you. You can use 'and abuse' that machine to learn the finer points of being a lathe hand.
Hope you succeed without loss of fingers, haor or other extremities and I'd hope the machine comes through unscathed, though I doubt it will.
Usually the first 'mishap' is forgetting the cam lock the chuck on the spindle or attempting to swing something that becomes an interference fit between the rotational axis of the lathe and the ways, resulting in divioting the ways under the chuck.
Second is leaving the chuck key in the chuck and turning the machine on, causing the chuck key to become a missle and hopefully not removing you, the operator, from the gene pool.
You'll find that just owning a machine don't make for quality work. The appropriate knowledge and experience is what produces accurate work. The machine, any machine is only a vehicle to, not the actual means to.
Some 'vehicles' are sports cars, others are trucks.
Good luck. Sounds to me like you'll need it.