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The person in the video decided to simplify their life by realizing that money was not the key to happiness and freedom. They had a well-paying job for 11 years but felt trapped by the golden handcuffs of pension and benefits. By making a change and downsizing their lifestyle, they felt a weight lifted off their shoulders. Initially obsessed with buying furniture and a big house, they eventually sold their house and bought a condo. Despite the financial security, they realized that true freedom and happiness came from simplifying their life and letting go of material possessions.