I don’t.
The last few years have been a struggle for me to shed my tendency to hoard things - both physical (eurorack modules, records, books, …) and digital.
For digital stuff, that means that I have a Dropbox with the stuff that absolutely matters, which has to be <1 TB (max Dropbox size). Of course, when I am working on a project, I might have much more than 1TB of files - but once the project reaches its end, I delete pretty much everything except for the deliverables/documentation of the project.
A nice side effect of that is that all my digital devices could burst into flames right now - all I have to do is go to the Apple store, buy a new MacBook, install Dropbox and i’m ready to go. That’s been a nice peace of mind of its own.
Does that mean there are times where I find myself wishing I had some source code or source video from years ago? Sure. Do I believe that these small, rare frustrations are worth not having to worry about backing up everything, worrying about a RAID server, etc? Certainly. And not having a file from 5 years ago has never been a show stopper (besides, when I used to archive everything obsessively, there was still the frustration that many years later the software was incompatible with the data files, and then you’re trying to archive systems rather than data which is its own maddening process…)
Nothing is permanent, and trying to fight that is just too much stress and overhead for me.