A friend of mine (Japanese - relevant because the cost of music CD's was higher there) in high school would have side jobs so he could buy music. His mom - possibly undiagnosed mental health issues - every few years would throw away his CD collection which he'd spent the equivalent of 30-40k USD on. This happened twice.

Me - I'm on the JellyFin bandwagon. This is less to archive everything (I have MDISC for the important stuff like my personal photos and documents and such) and more to just have my own streaming service type thing which works when the internet is down.