I have been using the internet since the 90s, my Hotmail account is 23 years old and I have never lost any of my accounts. I think it’s working quite well in my experience.
or it just continues working for another 23 years. Do you have a password system that has worked successfully for as long? Just because you “feel” that it’s not good doesn’t mean your feelings are correct.
You just need one little website to leak passwords in plaintext and all your passwords are up for grabs.
I used to do the same thing and I stopped for that reason.