If I had the budget and a lot of data to store, I would have gone with a NAS. It’s quick and easy to move files when you need them, all your data consolidated into one place and organised, your own private cloud storage, you can give family access to view and contribute to, while not a backup solution you get a little redundancy if a drive fails (depending how it’s setup) and a lot more.
As I don’t have a lot of personal files, I have 1TB of OneDrive and a portable SSD for a local backup.
I have hoarded a bunch of downloaded media over the years. When I got rid of my desktop, I put all the hard drives into a Pelican case for storage.