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Home Forums Hints And Tips for model engineers Now is a good time

Viewing 25 posts - 1 through 25 (of 25 total)
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  • #30735
    Speedy Builder5
    Participant
      @speedybuilder5
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      #458158
      Speedy Builder5
      Participant
        @speedybuilder5

        Now is a good time to do an inventory of your workshop. Use a spreadsheet to identify all your tools and against each indicate date of acquisition, cost, todays 2nd hand value and Estimated original price. Should something happen to you (Don't mention the "V" word) it may help your family. Send a copy to your insurance company perhaps ?

        Another good thing to stop boredom setting in whilst going through this isolation period / Lock down would be to write your life story, search the internet of places you worked at and include photos etc. A lot of us were apprentices – include all that stuff as a modern apprenticeship only scrapes the surface. Those of us who toiled for 5 years on nuppence an hour and stayed on at college etc have lots to tell another generation.

        Of course, you could finish off that project that you started some years ago.

        #458168
        pgk pgk
        Participant
          @pgkpgk17461

          I told my kids that I'm bu**ered if I'm going to do lists in case I croak.. they want to inherit then they can do the work. If it were possible I'd rather spend my time findign out about tall those rcreational drugs and loose women I keep hearing about – though doubtless I'd just embarass myself.

          I have been writing 'tales of pgk' for years – just the amusing bits rather than academic or professional cases.

          My list of unfinished jobs is growing and i shall only fo what I fancy and worry about the horrible chores if I make it through.

          I stopped at the chip shop today – apologised for not being in for months 'cos i was on a diet and health kick – but that seems rather pointless now….

          pgk

          #458202
          Bazyle
          Participant
            @bazyle

            Put your 3-jaw chuck in a box labelled " This is a 3-jaw chuck for xxx lathe". Find the second set of jaws for your 3-jaw and put them in a bag clearly labelled with words like "These MUST be kept with the chuck that is currently on the lathe or in this box.". Something similar applies to chuck keys, spare plates for the dividing head.

            #458208
            Ady1
            Participant
              @ady1

              I could write my life history down on paper and sign it but they might put me in jail

              #458223
              Grindstone Cowboy
              Participant
                @grindstonecowboy

                Catalogue the contents of your workshop?? How long are we expecting this shut-in to last then?

                #458275
                not done it yet
                Participant
                  @notdoneityet

                  I stopped at the chip shop today – apologised for not being in for months 'cos i was on a diet and health kick – but that seems rather pointless now….

                  Not pointless at all. That improved diet and health kick, could well stand you in good stead if/when this virus takes hold of you!

                  #458279
                  Cornish Jack
                  Participant
                    @cornishjack

                    I may well be alone in this, but I find the recurrent concern about workshop 'values' puzzling. For one thing, values will be in the 'length of string' category – there's no Glass's Guide to workshop tools. Secondly, I class workshop 'stuff' as equivalent to (say) holiday expenditure, both in amount and residual value. You buy it and (even better than holiday costs) write off the expenditure but have continuing future value in useability!! If you subsequently sell it, the amount is irrelevant … its all bonus. Doesn't seem to work like that in most of the forum posts. "What's it worth, was it a bargain?" Can't ever recall a "got xxx years use out of ***** , worth every penny I paid for it! Anything more than scrap value is a bonus!" I'm probably being too simplistic!

                    rgds

                    Bill

                    #458458
                    Bazyle
                    Participant
                      @bazyle
                      Posted by Cornish Jack on 19/03/2020 21:07:29:

                      I may well be alone in this, but I find the recurrent concern about workshop 'values' puzzling.

                      Well you can put your head in the sand but like it or not over the next few months there are going to be some widows getting fleeced by house clearers and garage traders claiming there is no market for an immaculate Myford.

                      #458506
                      Graham Stoppani
                      Participant
                        @grahamstoppani46499

                        My biggest fear is that when I'm gone she sells it for what I said I bought it for… wink

                        #458510
                        Hopper
                        Participant
                          @hopper

                          For most people, when you lose a partner such material matters suddenly become completely irrelevant. Puts it all in a very real perspective : it's only old junk. Hubby had his fun with it. Its purpose and value are now over. Then there is the painful business of getting rid of it. Quick and easy is best.

                          Better to spend your time now telling and showing your loved ones how much you love them . Dont take for granted that they know this already or think that it's silly etc . They won't be there forever.

                          #458511
                          Speedy Builder5
                          Participant
                            @speedybuilder5

                            Workshop valuations could be used following fire, flood or theft – not just for when we drop off this planet !

                            #458514
                            jimmy b
                            Participant
                              @jimmyb

                              I wouldn't dare tell my insurance company what my shed is worth!

                              Jim

                              #458521
                              martin perman 1
                              Participant
                                @martinperman1
                                Posted by Graham Stoppani on 21/03/2020 05:51:00:

                                My biggest fear is that when I'm gone she sells it for what I said I bought it for… wink

                                I've told my beloved that if I pop off before her and one day I'm looking down on her I see a skip I will haunt her for the rest of her days laugh

                                Martin P

                                #458528
                                pgk pgk
                                Participant
                                  @pgkpgk17461
                                  Posted by jimmy b on 21/03/2020 07:35:34:

                                  I wouldn't dare tell my insurance company what my shed is worth!

                                  Jim

                                  I now my insurnace co would expect every item over a set value being listed and then give a massive hike on their rates and if disaster strikes they'll revalue everything at lowest secondhand value and give you a proportion. I've just had to accept that some things will be uninsured. My insuranace rates are high enough just with the needs of owing this piece of rural Wales and the liabilities I have to cover for roadside hedges and trees and the fact that the public might take short cuts across it and trip on a molehill or let their kids fiddle with farm machinery….

                                  #458534
                                  Andrew Evans
                                  Participant
                                    @andrewevans67134

                                    Maybe your family would take up model engineering and use the workshop and tools to finish the unfinished projects – as an act of homage. They would say "I now know why they did it all these years" .

                                    #458548
                                    Cornish Jack
                                    Participant
                                      @cornishjack

                                      Nothing unexpected in the responses. but, as a f'instance, Bazyle's concern re 'fleecing' would be avoided by … what? His decision (not to be negotiated?) on the value of his various machines. 'Book value' (no such publication) ? Initial cost minus x years depreciation? Latest 'bidding war' similar item on Ebay? … etc., etc. There are no useful guidelines for 'valuing' our machines – it's 'piece of string' territory, so how does the 'avoid being fleeced' idea work?

                                      rgds

                                      Bill

                                      #458563
                                      Martin W
                                      Participant
                                        @martinw

                                        Wise words Hopper, no need to say more. I'm lucky to still have my better half after 50 years together but it won't last forever.

                                        Martin

                                        #458590
                                        AdrianR
                                        Participant
                                          @adrianr18614

                                          When we were trying to sort things out after my parents died, one of the hardest things was finding passwords. I would recommend getting a password manager e.g. Bitwarden Set the master password to something that you and your SO will remember and make sure your children know where to find it too.

                                          You can also store secure notes, so lists of where all your money is and useful things like NS&I numbers can be safely stored.

                                          Regarding the workshop, perhaps some notes on how to dispose of it all would be a kindness. We regularly see posts from relatives asking either what is it worth or how do I sell it.

                                          A point just made by my wife. get out all your photo's and write on the back who they are etc.

                                          Grim times, but I wish everyone of you the very best of luck and hope to see you all on the other side.

                                          Adrian

                                          #458600
                                          larry phelan 1
                                          Participant
                                            @larryphelan1

                                            I thought about looking for those drugs and loose women too, although I,m not sure I could handle either of them now. Still , it,s an interesting idea !!

                                            #458601
                                            Circlip
                                            Participant
                                              @circlip

                                              "Write down the values?????"

                                              Lets get real about this.

                                              Who the hell is going to buy it???

                                              The vast majority of those left hardly know how to make toast, few years ago, 17year old grandson rang his Mother to ask "How do I make a bacon sandwich?" I was there when the phonecall came in and yes, did someone get a right b********g !

                                              Regards Ian.

                                              #458603
                                              Sam Longley 1
                                              Participant
                                                @samlongley1

                                                Wife told me that I cannot take it with me. So sod it I am not going !!

                                                #458611
                                                Former Member
                                                Participant
                                                  @formermember19781

                                                  [This posting has been removed]

                                                  #459164
                                                  Oily Rag
                                                  Participant
                                                    @oilyrag

                                                    An interesting subject this as none of us enter into making a will gladly, after all, its an admission of our own short tenure on this earth. But wills also need to reflect the dynamics of life and therefore they need to be amended from time to time as beneficiaries circumstances change. I have recently modified my will in light of changed circumstances within the family (my daughter now lives abroad so to ask her to be an executor would put strains on her work career).

                                                    Basically, I have left all my tools and equipment to a young son of a longtime friend of mine. He is a good engineer and although more inclined to the art of fabrication (sheet metal work) he does have a lathe and mill and I know he can make good use of my 'kit'. Originally the will required the disposal of the tools with the aid of advice from several people to ensure she was not ripped off, but as I joked to the wife many years ago "when I go you will get the benefit of the proceeds of my workshop – when you go however, what am I going to do with 76 pairs of shoes!"

                                                    Everyone keep safe and well, please!

                                                    #461174
                                                    Nigel Graham 2
                                                    Participant
                                                      @nigelgraham2

                                                      I have made two young relatives my Executors and willed my model-engineering and caving-related possessions to the relevant clubs, save only any money from models to be for the Estate , as they are potentially more valuable than the tools and machines). I am preparing an instruction-sheet to accompany the Will, with names of societies and other useful details. (I've not mentioned how to move a Harrison L5 lathe and Myford VMC mill through a 2-foot doorway and across a lawn…)

                                                      In my own ME society it has become established now that when a member meets his own maker, one or two fellow-members act for the family in disposing of the workshop contents as best they can. Even If not raising a fortune it will still be a lot more than the clearance-firms will offer, and at least the family know the assets are going to people who will appreciate them (often, within the society).

                                                      This does not affect only model-engineering either. A number of Mendip Hills-based cavers have organised the Mendip Cave Registry Archive to collate and store for all manner of relevant, original literature (exploration histories, surveys, photos…) that would otherwise have been simply thrown away by uncomprehending relatives or house-clearers.

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