..is you don't need to worry about your shit getting stolen.
All my personal belongings fit in a large pencil case (not including my work tools and basic crap I need to live). 3 cheap watches and a few other bits.
I have some old but good headphones. A few pocket tools. A reliable phone. Etc.
And someday I do want to get a video game racing wheel again. (Can use it on my work computer). It's really fun with pedals and gear shifter. And it's great for listening to educational stuff for hours without getting bored.
Of course I have a refrigerator and basic clothing and furniture. This just falls into the "crap I need to live" category and none of it is at risk of being stolen.
I do have work tools but that's work. Not much I can do about that.
But I can leave the house not worrying that my crap will get stolen. And if it does it's not the end of the world.
And I don't feel I'm missing much. I love going to shopping malls and just looking at nice stuff. But I have no desire to fill my shelves with it.
Plus there are other benefits. Like you can spend less hours working when you don't spend much money. Free time to spend with other humans or pets or traveling etc.
Just my 3 cents. 😁