To me, minimalism is the philosophy of owning what you use on a regular basis and not much else. In a consumerist society where we’re constantly bombarded with advertisements to buy stuff we don’t need, we’ve become people who end up becoming overburdened by these very possessions. You may get a temporary moment of happiness every time you buy something, but the feeling soon goes away. Adam Baker, who created the blog Man vs. Debt has a very inspiring TED talk about how he was a part of this vicious cycle until he sold all his stuff and starting living the life he wanted.

via $500K net worth: How minimalism and investing helped me get there | Life Optimization.