Remember that song from the Rogers & Hammerstein show "Cinderella?" Cinderella had a chair in a corner by the hearth, where she could wool-gather, daydreaming about being anything but a drudge to her stepmother and stepsisters.
Here I've set up my own little corner in DD#1's former room (she insists it's still her room, though she's a homeowner herself since April). Neither she nor DD#2 (now an apartment dweller rather than a dorm resident) wanted this etagère so I asked DH to reassemble it here. I'm using some clear plastic shoeboxes to store my notions (stitch holders, packs of stitch markers, darning egg, tape measures, etc.) and part skeins leftover from projects past. I think I'll get some more clear storage boxes, one for circular needles, one for straights, and one for crochet hooks and DPNs. I'll move my storage bin of yarn (yes, only one storage bin of yarn; the rest of my stash is in a cedar storage bench at the foot of my bed- I'm not that minimalist) to one side of the etagère. Having too much stash frustrates me (I want to knit it all at once: it feeds my knitter's ADD too much), so I doubt I'll acquire more bins to fill.
If I ever learn to spin, I'll set up a spinning wheel in here. But that's far in the future. More likely I'll redo the room, getting rid of the old wood paneling that was there when we bought the house, adding brighter light, and a comfortable chair for sitting and knitting. Maybe.
DD#1 has a notion that I'll turn it into a nursery for her children-to-be. Perhaps it can be both, my own little corner and a nursery for the next generation.