Along these lines, I purchase bar "hobby" magnets from HF when they come on sale. They are $0.99 for two. I have so many glued to my lathe that, if I ever have a pacemaker installed, I might need to stay away from my lathe. They are great for holding everything from Chuck keys for my several brands of chucks I use regularly to tools and knock out bars. Makes things much easier to get to without running to the cabinet or drawer each time when I'm in a turning frenzy.