I'm OC (obsessive compulsive) when it comes to backups and this comes from hard experience. My current backup scheme includes:
1. Nightly backups to a server sitting by my desk. (Running Windows Home Server which makes it extremely easy to restore a backup. During the summer my husband's PC lost his hard drive. I was able to install a new hard drive and effortlessly restore everything from his old PC in less than 4 hours. I didn't have to reinstall the OS just pop in my WHS restore disk and let it run.) My server backs up 6 PCs every night and so far there hasn't been any problems.
2. Backup my server to the cloud. Always have an offsite backup in case catastrophe strikes and your local backup is destroyed.
My portable devices are backed up once a week to my PC which is backed up to my server and then to the cloud.
I do keep local DVD backups of critical data in a fireproof safe.
Naw, I'm not paranoid much.
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