Hidden Jewelry Holder - This is an awesome DIY project. All you need is a couple nails, some hinges a little bit of altering and a place to hang a pretty picture. I think it's a good idea, and a convenient way to hide your valuables.
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I would recommend doing it outside as it stinks and the rust from the steel wool will stain concrete so do it in a shop or over the road. DIY Vintage Wood Stain look. (How to age new wood). Good for all things wood!