When I started this hobby I was about 12 YO, I worked and saved up money to buy used tools, and i had a pretty impressive shop stocked with vintage tools, Old Deltas, Powermatics, Walker Turner, Wallace, Davis and Welles, there wasn't much I didn't have but I made good furniture with it
Fast forward 50 some years, my wife and I ran our own HVAC/R bidness and while starting out money was so tight we got in the habit of saving money when ever we could. Then our business exploded, a few years we were paying over $200,000 in just income tax. I remembered when I was a kid and we were studying taxes in school I swore if I ever made enough, I would gladly pay the taxes, I lied LOL So getting a 40% discount on tax deductible tools was, a pretty good incentive to tool up, but I was still very cautious about spending money
About 4 years ago our son got medically discharged from the Army, for TBI and PTSD, he will get disability for the TBI as it cannot be cured, but the Army offered him a deal on the PTSD, they would give him over $100,000 severance pay or he could get $1,000 per month, but a yearly evaluation to see if it has improved, if so the $1000 per month would quit. Knowing how good the VA took care on us Nam vets I told him to take the money and build a nice house here on the farm. He said he would think about building a house, but he said they didn't mind living in the single wide we pulled here in 95 while we were building our house.
Between him and his wife, they pi$$ed away all that money in record time, about 2-3 weeks, my wife and I decided screw leaving anything for them, so we started spending a lot more, I have spent about $15000 on new machines and updates, So now Ihave spent a little of our savings so I have to build more furniture and cabinets to justify to myself spending the money on the tools LOL
I think a 44 ft Prevost is calling my name, I will get a new mini lathe, bandsaw and drill press and sit at a campsite building pens and wine stoppers