|12 forum posts|
I have accumulated spare cash to facilitate the purchase of a new lathe and a mill (Chinese likely) to replace my Myford S7 and Dore Westbury mill both in good working order. My son points out that this would be a waste of money given a limited time scale for me and any new toys. He has no interest in oily pastimes so in perhaps 8 years time he would be faced with clearing my workshop. I see his point which hinges on my active lifespan.
I guess from reading this forum assiduouly every day that there are a lot of old guys here. Without embarrassing anybody I hope that my metalbashing days will endure for at least another 10 years (to age 82) and I should like to have a guesstimate of active age bands from you guys.
Hope this posting is not viewed as in bad taste but I would be interested in occupancy of age bands 60-70, 70-75, 75-80, 80-85 to try to forecast my own activity. The same quandary is exercising my mind in regard to amateur radio and computer gear. Lots of lists and likely cash value.
Thank you and apologies for facing a life expectancy conundrum.
|Ian Parkin||12/05/2020 19:41:00|
879 forum posts
i worry about this every night and I’m only 60
what my wife would do with my workshops and all my machinery that i have spent 40 years accumulating
|Tony Pratt 1||12/05/2020 19:59:52|
|1339 forum posts|
I'm 65 [66 in July], working full time until the virus hit. I hope your son was joking when he said buying new gear was a waste of money, your money!
|Mike Poole||12/05/2020 20:01:18|
2839 forum posts
What happened yesterday can’t be changed so no point in worrying about it. Take tomorrow as it comes and don’t worry about it. When we go everything will be someone else’s problem, an exit dossier could be helpful but just live like you are going to make 100 if it does not go to plan then does it matter?
|Chris Gunn||12/05/2020 20:22:08|
|344 forum posts|
Ian, you should worry that your wife will sell all your stuff for what you said you paid for it.
|Chris Gunn||12/05/2020 20:24:40|
|344 forum posts|
Les, go for it, if it keeps your brain working and amused for 10 years money well spent. Just entered your 3rd bracket.
|Jeff Dayman||12/05/2020 20:25:35|
|1969 forum posts|
Leslie, I would encourage you to buy the equipment you want and have saved for, and enjoy it for as long as you can. Mike's advice above re taking one day at a time and enjoying each one is top notch advice in my opinion. I wouldn't worry for two minutes about those who have to clear space at some point in the distance future. Leave some notes if you like about who to contact (maybe this forum - there have been a couple of bereaved people looking for guidance recently), values of things, wishes of where some things should go if friends have expressed an interest, etc. Personally I plan to live to 135 years to finish all the projects I want to do! We shall see. Enjoy your machines and shop, and keep us posted as to what you are making (even if it's mostly chips, scrap, noise, cutting oil smoke, and bad language as it is in my shop)
Edited By Jeff Dayman on 12/05/2020 20:26:09
|pgk pgk||12/05/2020 20:30:40|
|2009 forum posts|
I'm 70. tell your son it's your money and you'll do whatever you want with it.
|Adam Mara||12/05/2020 20:31:53|
|132 forum posts|
Just taken delivery of an Axminster C2 Lathe (10% off online order), TNT delivered it yesterday on a before 12 delivery, it arrived at 8.05am, and I was still in bed! The kind driver carried the lathe, on a pallet into my garage, and went on his way. He had a pickup next, which was at our works, and my sons soon knew I had a new lathe!
Anyway, I'm 80, might have a few years left, and I wanted a small lathe to have in the house, I had an eye stroke at the beginning of March, and have double vision and a job focussing, and it will be warmer in winter! Won't be spending any money on pub meals and holidays this year, so the garden and my mini workshop will keep me happy.
|Howard Lewis||12/05/2020 20:34:45|
|4085 forum posts|
Les, We lost our son over 20 years ago, and our grandchildren are artistic and have no interest in what is in my workshop.. My slightly larger workshop and larger lathe were my retirement presents to myself. So I am well set up.
I am a pretty fit (Thank God ) 81, but resist the urge to replace my mill for one with a dovetail column.
My worry is how it will all be disposed of when I go. I would so wish for one of the GC to take up the baton, but cannot see it happening.
The WaterWorks Museum does not need my kit, and PSME have no workshop to which it could all go.
So, probably it will not be my worry; but not for a LONG time I hope!
5685 forum posts
Our retired chairman turns 101 next month. He attended our February meeting and is still modelling. After finishing his 3in traction engine about 4 years ago he bought a stuart No 1 kit on the basis that the bigger bits were easier to work on by feel as his eyesight is failing.
A new mill yes but I thought everyone (apart from me) wanted an S7. How about a Myford VMC to complement the lathe.
|Brian H||12/05/2020 20:39:51|
1945 forum posts
Hello Les, I'm 74 and have been making things for years and intend to carry on. Ok, I may leave unfinished projects behind when it's time to go but until then I'm just going to enjoy myself with making things and planning to make other things in the future.
|Michael Gilligan||12/05/2020 20:41:27|
16982 forum posts
I’m 70 and currently on my ‘fourth life’ I believe
Hopefully that leaves me five more lives in stock
< Meow >
Buy whatever you want, Leslie ... so long as it makes you happy.
|duncan webster||12/05/2020 20:53:11|
2927 forum posts
Tell him to mind his own business and get it all bought. However I'd then make a list of what stuff is, what it might sell for and where to advertise it and put the list with your will.
|1744 forum posts|
I'm about your age Les - a little older perhaps - and I do understand your worry. However, if you want new machinery (and can comfortably afford it) then do it now! Don't wait - the longer you have whatever it is you want, the longer you will have to enjoy it.
My son's make similar comments by the way. The way I like to explain it to them is that I spent a lot of time and money bringing them up as best I could and now it's my turn.
|John Paton 1||12/05/2020 21:16:38|
287 forum posts
The reality is that if you don't have a workshop to spend time in you will need to keep going on cruises to keep yourself amused. Travel insurance alone will cost more than your lathe and mill so its a no brainer!
I believe that well bought and looked after, lathes and mills are as good as gold for holding their value.
Edited By John Paton 1 on 12/05/2020 21:16:53
|Steve Tyson||12/05/2020 21:21:27|
|9 forum posts|
I'm not often moved to post on here, but this topic has stirred me into action.
I've been thinking about this issue for a while, and at the moment I have more spare cash than I've ever had, I'm 67 and have a fairly dormant cancer.
I too remember mortgage rates at 15%, I bought my first house and was made redundant a month later - thanks Boss!
I now buy whatever I think I shall need, whilst I have the faculties and health to use it.
When I'm gone I won't care what happens to all my accumulated treasures and not one else will either.
I say treat yourself and enjoy it all while you can!
|Grizzly bear||12/05/2020 21:21:45|
|261 forum posts|
I'm 78 and not counting.
Good luck with your new equipment.
|Old School||12/05/2020 21:25:56|
|365 forum posts|
I will be 67 this year my 5th year of retirement, I buy what I want for my workshop and my sport of tethered car racing. Luckily my son has set him self up with a workshop now he’s moved out and also races tether cars and has a couple of fast old cars.
|Nicholas Farr||12/05/2020 21:50:17|
2535 forum posts
Hi Les, I agree with everything that's been said already, and not only that, you can make a lot of swarf in eight years, even if it's making stuff nobody else wants. If it makes you happy and keeps your mind active, that's a good enough reason to spend your money. I've said to my two, the best thing they can do with all my clobber, is to sort out what they want and then get the skip guys in to shift the rest, as I don't think I'll have any worries what happens to it when I pass on, it might all melt and burn where I'm probably heading anyway.
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