having had one in the past I have been pretty careful about backing up ever since .
I actually have 2 external drives that I use - one portable and one a desktop and both are used most days - certainly one back up is always done.
It's paid off.
I was online first thing this morning , booted up and got my email in and then heard a little clicking and instantly my MacBook froze.
Had to power off and once I had let it settle down , powered up again and got the dreaded grey screen with a folder and a question mark on it. Yup -- hard drive failure

New hard drive is awaited and it should be back online by the weekend .
Now everything was normal and yet 5 mins later it failed.
MORAL - make sure you do back up - this would have been a real disaster if I was not regularly doing just that.