I truly believe that, NO amount of material, shoes, clothes, bags, etc can ever satisfy one's soul, and material objects can never truly make one happy or content. In fact, quite often one will find that having too much material can be a burden.
True happiness and content comes with the things that money cannot buy. Plus we must remember, we take nothing with us when we die. So in a sense material is immaterial..
I want to also state here, that my things are often given away to charities after use, so they are never wasted.
I aim NOT to be a hoarder, as too much baggage can clutter one's soul (c)
P.s as we speak, I'm doing a massive clear out.. and to be honest, I feel better already ;-)