Sergio is onto something there! Untitled Song/Various artist is the best way to ensure you don't loose anything!!
I have never subscribed to a streaming service and have no intention of doing so. That is what they want you to do though! It is what is known in the accounting world as recurring revenues ;~))
When I get a new CD (I think all I bought last year was a few newly released Zappa CD's), I rip it to computer, scan all artwork (including disasembling case to get back cover artwork out for clean scan if necessary), and then make a external drive back up as well as remote location back up.
For my project music, all is on a SSD drive that I can take wherever I go, and also have backups of that on another external drive as well as copy at remote location. I use my phone (Motorola 5G Ace) the most for listening to music (captured music). I have a 256GB removable chip in the phone (128GB internal) and have about 20,000 songs on it. Total music collection on drives is about 100,000 songs. Sold my LP's in 2010 (wish I did not have to and lost some gems in the process). Had to toss most of my CD's because they got covered in mold in boxes that were in garage. Probably could have cleaned them all, but already have them all captured, so did not see the point.
Remember all (and some of you have already indicated you are in compliance with this), good backup is one copy on main machine, one copy on external drive/medium and one copy at remote location. Fire safe is great, but some disasters (huricanes, tornadoes, floods, sinkholes, robbery, etc.) are not going to leave that safe where it now is, so it is not total protection.