What would you do if you lost all your possessions?

Losing all my possessions would be heartbreaking, painful initially. But eventually I would see this as an opportunity to start over, re-assess my needs and requirements, and restrict myself to only what is absolutely necessary. It is an opportunity to make a fresh start, stay frugal and stay away from over-indulgence of material possessions. Just as one would reset the phone to clear up the junk from it and then keeping the phone’s storage under control.

After all, if one doesn’t learn the lesson from this experience, what’s the point of it?