Long time lurker, recently joined and first time poster on here. You guys are awesome by the way

So I'm in the market for an NA mx-5. I have a budget of around 4-6k for the purchase of the car alone and a maximum budget of around 10-12 over the duration of the project.
Here's my plan and below that you'll find my question;
I ride bikes so I'm used to impressive performance. Everyone reckons that the ONLY complaint they ever have, if any, with the MX-5 is power. I want to grab an NA series, because the NB look just bothers me for some reason (and there'll be no convincing me otherwise)
Now because it's going to be near impossible for me to pick up a 1.8L NA for the price I'm looking at I want to simply buy an earlier model NA 1.6L and drive it around until I get bored of it, at least appreciate the original car for awhile, then I want to pull the 1.6L, swap it for a 1.8L and add on a small-modest sized turbocharger. From what I've heard, read and seen it doesn't seem to be a terribly uncommon or difficult modification and I plan on doing most if not all the work myself, despite having little to no mechanical experience whatsoever. I am damn good with my hands though and I'm no egghead.
I figured by doing the engine swap I can pay less than I would (total) then I would if I were to buy a standard 1.8L NA. I'm hoping I can pick it up a decent amount of time prior to actually doing the swap and while its out of the car, breathe as much new life into as possible from a bang-for-buck standpoint. I.e all standard servicing, new injectors yada yada yada.
I am aware of;
It would be less expensive to simply buy an NB with a 1.8l already in it
The necessary additional modifications needed to turbocharge an mx5 (radiator, coil packs etc)
My questions;
Firstly: is it a dumb plan from an experience point of view and a price point of view?
Secondly: is it even doable/viable to do it this way.
Thirdly: any advice with doing it this way
fourthly: what sort of money should I be realistically budgeting for such a project. I am by no means 'rich'
fifthly; am I just a complete idiot with no idea what he's doing?