I find handy uses for rare earth magnets all over my shop. I just thought I would share this as a tip. Here are some of the places I use them:
My table saw fence has a magnet embedded in the plywood top I made and it keeps a ruler handy:
These magnets keeps blades and an alen wrench handy on my scroll saw base:
A wrench for my jointer and a push block are magneted to the jointer base:
Another ruler magnited to the top of my radial arm saw:
The three sizes of alen wrenches for my bandsaw:
Even in my small shop I have to keep everything as efficient as possible since I have limited time to spend woodworking (usually between when I get off work and when my wife gets home).
So small conveniences like this help cut down the time I would have to spend walking back and forth and finding the right tool. I like keeping dedicated tools at each machine for changing blades, making adjustments, etc. I also like having my most used measuring tools duplicated and located where I usually need them.
-- Happy woodworking! http://www.openarmsphotography.com