Reddit mentions of Weller WD1002 95w/120v Digital Soldering Station with WP80 Pencil

I've been looking into this space (best medium-cost maker/builder/fab tools) over the past couple of months, and here are my recommendations so far...

• CNC Mill (router) - For doing wood, plastic, and some light metal work, the Shapeoko 3 stands above the rest. It runs around $1.2k with a router included and can cut 16"x16"x3". You'll still need mill/router bits and materials, but pretty awesome for the price range. Note that they also just started selling larger versions (goes up to 33"x33"x3") for a few hundred dollars more. To move up to the next professional level but still on a budget, I'd consider building your own via CNCRouterParts Pro Kits (48”x48”x12”, $8k total).
  
  
• 3D Printer - The LulzBot TAZ 5 stands above the rest because of the range of materials it can print (with a special high temperature hot end) and its build area (11.7”x10.8”x9.8”). It's recently been reviewed by Make as the "Best Overall 3D Printer" which is a pretty high endorsement. It runs a little expensive ($2.2k) but looks like it's one of the best bets if you're looking to get into 3D printing.
  
  
• Lathe - You can get a mini lathe (7”x16”, $1.3k) in the price range you're considering, and while it may be a bit too speciality and manual, they're a great tool to have in your workshop. Especially if you like making round things.
  
  
• Laser Cutter - To get a decent laser cutter (not just engraving, but actually cutting materials) that won't break down, catch fire, release noxious fumes, or potentially blind you is currently around $4k minimum. There are a lot of cheap "eBay" laser cutters out there, but when you start to add up everything and weigh the risks they aren't really all that much cheaper. The two stand out models I've been considering are the FullSpectrum (40W, $6k) and the "coming soon" Glowforge Pro (45W, $4.8k).
  
  
• Electronics - You didn't mention this, but if you're looking at getting your hands dirty making things, electronics is now a pretty crucial component to support. The big ticket items (like an oscilloscope) are now a lot more reasonable than they were even 5 years ago and sites like SparkFun carry a lot of electronic components and tutorials that make it easy to get started even if you don't have much background in circuitry (yet!). My short list would include: a Rigol 50MHz, 4Chan, color disp, 4 probe oscilloscope ($450), a nice Weller soldering iron ($320), a soldering fume extractor ($70), some helping hands ($10), a Siglent signal generator ($360), and some nice boxes to keep your parts sorted ($20).
  
  Now go make some awesome things!
  

I hate to say it, but RadShack makes my favorite budget desktop soldering iron. I have one of these and it works wonderfully. I've been through about 40 tips over the last 3 years with it, not counting one-use modified tips.

At the school lab, we were using this (in quantity at lab desk) or this (instructor's, who would loan it if we knew how to solder). I am going to miss the school lab. Transferring to the next higher level at a different university, where a friend attends, and their lab sucks.

If I bought a new one, I'd get the Weller WD1002. Until I upgrade to that, I'll keep my radshack 64-053.

If you buy a $13 soldering iron, you're buying a $13 soldering iron. Some will work better, some will work worse. Really doesn't matter where you bought it. I never had one last more than a few months.

If yours started out working ok then didn't, make sure your tip is clean. A highly oxidised tip left on overnight isn't going to work well, no matter the iron... if your tip is black, replace it. If it only came with a fine point tip, consider a different shape tip. Fine point tips (generally) only work well with higher power soldering irons.

If you want contactless-soldering, then you're not looking for an iron. You're looking for either a hot air reflow station or an iRDA station. Irons are meant to touch the solder to melt it. Hot air works with solder paste, meant for very low temp soldering (SMD safe). iRDA uses infrared light to melt solder, generally used for specialized surface soldering.
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It sounds like you may be a little new to soldering, so I also highly recommend this comic to you... Soldering is Easy - PDF. I highly recommend it to those who have been around the block a few times as well.

I've got a Weller WD1002 that has served me well for about ten years so far, and I expect will keep doing so for many years to come. Heats up in less than 20 seconds, precise temperature control, fine tips and short grip pencil makes small/delicate tasks easier, but it can still ramp up the power quickly to handle those heavy gauge battery power leads. Probably a bit much if just buying it for quadcopter stuff, but as an electrical engineer it has been very useful to me.

https://www.amazon.com/Weller-WD1002-Digital-Soldering-Station/dp/B000FVCCOQ/ref=sr_1_1?ie=UTF8&qid=1473703111&sr=8-1&keywords=wd1002

By far the most important part is your iron. There's lots of good choices out there, but if you can swing it I highly recommend this one made by Weller. It's expensive, but is the best iron I have ever used. It has interchangeable tips including some super fine ones that are great for SMDs, 3 selectable temperature settings you can program, digital variable temperature with a real time temp display, it heats up in seconds, has an auto shutoff if you leave it on and in the stand for too long, and has a grounded tip to help prevent issues with static discharge. You can do it with a cheaper iron for sure, but this one is my first choice.