I have a 12" Craftsman lathe that I inherited from my Dad. He was just a hobby machinist, but I learned a lot from him about it. I have a Kent mill (Bridgeport 1J clone); I'm still learning the basics of using it. I use them both for hobby purposes, odd jobs, etc. Some day I want to get a bigger, heavier lathe.
Lincoln 225 cracker box stick welder - I can do the basics but try to weld everything flat.
Miller 125 auto-arc MIG welder - bought it used and still learning. Great for thin stuff (made for auto sheet metal repair).
Big hammer, railroad rail anvil, small vise, bunch of rusty files, a few punches, some old dull drill bits, a couple of grinders.
Working on a forge and furnace for sand casting - all in my head for the time being.
Too many hobbies, not enough time. Always room for one more tool.
My day job is writing software, which pays the bills and a little left over for hobbies. If I quit, I'd have time for hobbies but no money!