Posted: Fri Oct 10, 2008 9:03 am
Yes, I am on a fixed income and I can not say that I am doing any better than anyone else during these hard times. In fact, it may be a bit worse because I also have some significant medical bills to keep track of.
However, I also have about $10,000 worth of shop equipment to maintain over the long haul (whatever that means). I am 70 but I feel great and I expect to be in the shop for another 10 years. To do that I must have an operational shop. What I have just spent along with what has already been "stockpiled" is what I consider an insurance policy against my shop equipment. That stock pile is worth about $400. I think it is a sound investment.
I believe that I have those "high failure" parts covered with spares. Now all I have to do is maintain (clean, oil and align) on a regular basis. By doing this, I feel confident that I will be able to remain in the shop as long as my physical and mental condition allow.
I do not advocate that anyone should buy parts (for anything) in lieu of maintaining family necessities as some have sort of implied I am doing. My family expenses are limited to those of my wife and I and I have them covered. I hope I can say that with a straight face a year from now.
I also hope that Shopsmith will be around then to buy parts from and if they are my stock pile will not be as valuable as I believe it is today. Shopsmith has been reduced to a small fraction of what they once were; surviving the long haul is going to be a challenge.
BTW, I happen to think they are on the come back and I expect to hear great news from Shopsmith. Bob Folkerth's next message to the forum will be regarding a turn around.
However, I also have about $10,000 worth of shop equipment to maintain over the long haul (whatever that means). I am 70 but I feel great and I expect to be in the shop for another 10 years. To do that I must have an operational shop. What I have just spent along with what has already been "stockpiled" is what I consider an insurance policy against my shop equipment. That stock pile is worth about $400. I think it is a sound investment.
I believe that I have those "high failure" parts covered with spares. Now all I have to do is maintain (clean, oil and align) on a regular basis. By doing this, I feel confident that I will be able to remain in the shop as long as my physical and mental condition allow.
I do not advocate that anyone should buy parts (for anything) in lieu of maintaining family necessities as some have sort of implied I am doing. My family expenses are limited to those of my wife and I and I have them covered. I hope I can say that with a straight face a year from now.
I also hope that Shopsmith will be around then to buy parts from and if they are my stock pile will not be as valuable as I believe it is today. Shopsmith has been reduced to a small fraction of what they once were; surviving the long haul is going to be a challenge.
BTW, I happen to think they are on the come back and I expect to hear great news from Shopsmith. Bob Folkerth's next message to the forum will be regarding a turn around.