It sounds like this car has lacked any standard matenance and it can use a good once over.
The first thing I would do is check/change all the fluids/filters and check/grease your U-joints (2 of the most neglected and most simple to service car parts in my opinion).
66dartman is right you may have a leak even if you think you don't. Tighten the carb mounting bolts and all of the flathead screws that hold your carb togeather (another thing guys forget to do), do the same with the intake bolts. It's free to do, won't take that long, only takes a screwdriver 1/2 inch and 9/16 wrench and atleast you will know that everything is good and tight.
I don't wanna sound like a broken record but I have seen and experienced more than one U-joint "shift kit".
If you haven't touched anything since you got the car, and it seems like you have had it for a little while, more than likely it needs a little work.
Also, you don't need a timing light to set your timing. You can do it by ear,feel, and smell pretty easy if you have to.