I could make all kinds of stuff from the cutoff in your photo.
Me too. I don't waste much. In fact, I probably keep more than I can turn in two lifetimes. When I get a notion to turn something I usually have a piece of wood on hand that will do.
I cut up the large offcut in that bandsawing photo into turning squares for boxes and such. The curved pieces left over (from both ends) are in my box of wedges - nice to have a variety of sizes and radii on hand when processing logs on the bandsaw.
I store nice domestic wood pieces, often flat rectangles too thin/small for turning in tubs in the barn and occasionally find an art teacher excited to get them. I guess I could glue some up to turn but I don't. I do save potentially useful scraps of exotics like cocobolo, rosewoods, olive, and ebony. A friend who makes furniture for his house used some of the ebony for wedges in his latest table and chairs.
I do burn a lot of scraps but scarcely anything thicker than 1/8" and often end grain slices where I cut away drying cracks before sealing/resealing.
I keep a burn barrel - after having several "normal" steel 55gal drums disintegrate from the high temperatures, I finally found a source for heavy wall stainless steel 55gal drums, just $50 each because they were dented. (A good stainless 55gal drum can be $900 or more.)
The first SS burn barrel I made has survived for over 10 years now, often gets so hot burning scraps of wood the sides of the drum glow bright-orange-hot. I cut out most of the bottom, cut air vents, and weld up a grate from 1/2" rebar for a 6" gap at the bottom. The heat softens the rebar and causes the grate to sag in the middle so I just flip it over occasionally.)
So handy!
JKJ