America is one of the most prosperous nations in the world, and because of it, people often measure their success by how much they have, Peter says. But more stuff isn't always better, he says. Peter talks about eliminating materialism and learning how to live well on less money.

With deals such as supersized food and "two-for-the-price-of-one" sales, today's society encourages people to consume more, Peter says. "For many, it has become clear that instead of bringing happiness and peace of mind, all this stuff is stressing us out and alienating us from our families, our partners, our dreams," Peter says. "Instead of bringing you closer to the life you want to live, your stuff starts getting in the way." He shares easy ways to save money and live well at the same time.

7 ways to do more and spend less