Best way to rebuild my motor?

I really want to rebuild my Honda civic 2001 motor. But it has 209k miles on it. I don't want to buy a new car because my grandpa bought it for me when I turned 16. At the time it had 195k on it. So I don't want to break his heart by selling it and buying a better car. So I want to stick with my Honda and rebuild my motor and make it a little faster. My friend has a civic and it has 240k miles and he just put a turbo in his. I'm not going to do that though I want to rebuild it. Like buy cams etc. Like buy new stuff for the motor to make it last longer. I want a new transmission (6 speed). It automatic atm. But anyways what's the best way to do this? I'm willing to spend a decent amount of cash on this. My friend thinks the best way is to boost it but i don't know. I want someone that is really experienced to give me advice. I know I'll probably be made fun of because I have a vtec motor or be called a ricer but honestly **** all the haters. I want to do this because all my friends have nice fast cars. Like mustang gts, g35, evo, boosted colbolt, s2000. And we constantly go to car meets and its kinda embarrassing when I have a stock slow civic. I can't hang with them and keep up with them. But I can't get rid of the civic I gotta stick with it so any ideas to make it faster, better, last longer, and not blow up my engine? I'm going to change my oil every 3k miles and take care of it. So please someone help me.

Your plan sounds good. Ask around and find a good engine builder. Boosting a fresh motor would be a good upgrade. You need to decide before you build the engine so it can get the right parts inside. You're only limited by money. If you want my opinion, i'd just do a stock rebuild and call it good. Decide if the amount of money you're talking about spending is worth spending on a 15 year old car. You're young… You have plenty of time to build something good later on.

Turbo charging a high mileage engine isn't smart.

First, you are called a ricer because it is an Asian car//no different that V.W owners being called Krauters. Has nothing to do with Vtec engine. FORD is still Found On Road Dead for the "Stang", and Chev is still just Chev (as I have not "though of something" but Cobolt… I never gonna give it that honor.
… If you go to meets and race against different makes of cars, expect to lose some. Race another "ricer".

Do not take on a Porsche or a Vette. That is just not smart. Slug Bugs do that. They know they are gonna lose after crossing the intersection(so 100 feet) If the race were that long then they would win many. But as races are 1/8th mile and 1/4 mile, they know they ain't got a chance.

If you are so serious about rebuilding the engine then let a "engine rebuilder" who has a shop - do it right. Get an estimate(which will most likely brown your shorts) and then decide. Are you picking money out of a never ending river or do you only have so many bucks? Is this even logical?