Bring linseed oil to boil (take it off the burner as soon as it starts to boil). Do not burn the oil or it may add a dark color to the finish. Set aside.
Put beeswax in double boiler (or separate melting container placed into a water-filled pan that will act as a double broiler). Melt beeswax. Stir it regularly to keep the melting consistent. Check temperature with food thermometer frequently so that it does not exceed 160 degrees Fahrenheit (F) or it could ignite.
Remove melted wax from heat. Add beeswax, linseed oil and turpentine together (a separate mixing container can be used if you want to keep the melting containers distinct from the finished product). Stir contents until they make a uniform yellow paste.
Warm the final product in double broiler to make it more pliable for use.
Apply finish to bare wood with soft cotton cloth in uniform dabs (cotton is best as it is less prone to form lint balls which will mar the surface of the finish). Cover the whole wood surface with a thin layer of the finish. Remove excess finish with separate cloth. Let dry.
Reapply more coats after first coat is dry (two to three coats is best for a long-lasting finish).
Apply all coats, let dry, then buff entire surface with a wool cloth.