As defined by Wikipedia.
Simple living (voluntary simplicity) is a lifestyle characterized by minimizing the 'more-is-better' pursuit of wealth and consumption. Adherents may choose simple living for a variety of personal reasons, such as spirituality, health, increase in 'quality time' for family and friends, stress reduction, personal taste or frugality.
I must admit that it sounds very tempting in this hustle and bustle world. But I guess my question is that , Is it practical in todays world. It is similar to the lifestyle that Henry David Thoureau lived in Walden. I also stubled upon a free audio link to Walden if anyone wanted to listen to it