Richard is looking to get a personal cloud device. He's wondering if he can store virtually anything in his computer in it. Leo says he could, but he wouldn't. There are a lot of options including one from Western Digital, PogoPlug, and File Transporter. The idea of having a personal cloud solution like this is that Richard would own the drive that all the data is stored on. With Google, DropBox, or Microsoft's cloud solutions, Richard's data would be stored on their servers.
Leo likes the File Transporter. Everything gets copied locally and then synced over the internet to the one Leo has at home. It's totally private, and encrypted. It's a great solution for sync and backup.