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Okay, I'll chime in with the "wise" ass replies. 
First, figure out how much money you have to spend. Second, get all the 
catalogs you can, look at what you'll need to replace, add on body and paint 
costs and total it al up. Match this total of what you'll have invested in 
your restored vehicle against what it would cost you to buy one already 
restored. If the difference is less than five or six thousand, consider going 
ahead with your restoration. 
If it's over that, don't even start.
If you don't have enough money, start a priority system for the restoration. 
Brakes are usually the best place to start. You want to be able to stop and 
not wreck your car while you're fixing it up. Second, or first again, would 
be getting a job. You'll spend way more than you'd think, even after having 
budgeted for the restoration. 
If you don't do mechanical work, take some classes at the local junior 
college. You'll be way ahead in the long run if your able to do at least some 
of the work yourself. 

My $.02
David


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