As an income-less college student, it can be difficult to get into the sport of triathlon. Swimming and running are fairly cheap sports, but outfitting a bicycle that is competitive can be daunting. I bought a road bike from a bike swap for $600 a couple years ago, but it wasn't great for triathlons and I recently got a dent in the top tube that worried me. Luckily, as a part of my engineering curriculum I learned what I needed to build my own frame out of locally sourced black walnut wood.
While this was a fairly intensive 5-month project (I only had time to work on it occasionally because of school), I'll do my best to give a good outline of the steps involved. Prerequisites are a good understanding of bicycle design (which I attained mostly by reading on the internet) and access to some wood working tools and a vacuum bag.