Add Mac folder location to Favorites

On a Mac OS X computer how can I add a Mac folder location to the Favorites list within Finder?

I would like to add the "My Drive" folder to this Favorites list (see the screenshot). How can this be done?

Mac folders
IT GuyNetwork EngineerAsked:
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nappy_dThere are a 1000 ways to skin the technology cat.Commented:
Take the folder and drag it to your Finder's sidebar.
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