Still others just want to spend more time with their families. In the financial planning world, people assess their risk tolerance to decide how to invest their money. When it comes to living a simple life, you'll need to assess your simplicity tolerance to figure out how far you want to go. To some people a simple life means living without any of today's conveniences, such as running water, electricity, or a telephone. Others think of it as giving up extravagances, such as expensive cars, brand-name clothes, and dinners at fancy restaurants.
Some people quit their jobs.
Others live the simple life after business hours. And some start a home business or change jobs to accommodate their simplified lifestyle. To define your simple life, think about how your want your life to change. To reduce expenses, you may have to move to a smaller house or rent instead of own. Instead of treating your kids to a movie, where you won't get much of a chance to interact with them, you could go for a nature walk or visit the library.