Text and vector shapes are built differently, but that doesn’t mean you can’t adjust the shape of the type you’re using. To make text into paths, follow the below steps:
Press T for the Type tool, and type the words you want to use
Press V to use the Selection tool
In the Type menu, choose Create Outlines
Use the Direct Selection tool to move paths and make something new
To make complete fonts out of your images, you’ll need a different program such as Font Forge, that allows the importing of shapes.