That really is the hard way.

I tie a loop in some red nylon binder twine, about in a 20cm Diameter circle.

Then double over the loop and loop that around the tire/wheel whatever and loop it through itself.

Hang the twine around a nail or hook in the rafters/ceiling.

Done.

Red binder twine costs about $20 for a mile of the stuff -lasts a lifetime and is plastic so it doesn't hold moisture much. It won't hurt the rim or tire or whatever you are hanging from it.