Magnets to Hold Tools

Do you ever put a tool down, then look everywhere to find it?

I put small rare earth magnets on the apron of my lathe, then put drive centers, small tools, wrenches, etc. on them so they are right at my fingertips.

Rare earth (neodymium) magnets no larger than a half inch can hold up to five pounds and more. These can be purchased for less than a dollar from sources such as Applied Magnetics (