Simplification

I read an article in Time the other day...How to Live With Just 100 Things: http://www.time.com/time/magazine/article/0,9171,1812048,00.html?imw=Y
Premise is that some people have decided that the overconsumption that we all tend to participate in had to stop for them...Now, of course there is tons of back and forth with some of these people as to what consitutes an "item"...but it does make you think a little about how much we consume...how much we hang on to...and how much of it we really need. I know that I have packrat tendencies at times. How much simpler could life be if we just got rid of a good portion of the excess? Just something to think about...I am :)