Cloud storage is a massive ripoff. Just go buy a 2TB drive at Best Buy for $120 and stick it in an external usb-c enclosure from amazon for $15.
If you only use local external drives, get more than one, and rotate them off site. All it takes is a fire or break-in and your computer and external backup drive could be gone. If you at least have a drive off site, there's a much higher chance that you'll be ok.