Hoarder vs Minimalism

As per human nature we always feel the need to collect, store, and have surplus of things that we may or may not use. On the extreme side you can call it hoarding and on the other end of the spectrum where you only keep what you need, minimalist. If you start to think you would find so many things in your house which are only taking up space and nothing more.

There are many youtube videos and books on minimalism but it seems people have different definitions of it. In essence many go with just the bare essentials like having 1 fork, no bed just sleep on floor and so on. I would call that bare essentialism and not minimalism.

We should definitely just have only what we need, but to actually HAVE what we need. Meaning 1 fork and no bed is cutting down on quality of life. The idea is to cut on quantity but raise the quality of life.

What are some things you would cut out or reduce from your life? Can be physical possessions, or even just way of life for example who you socialize with, etc.
Do you feel any benefit of being more of a hoarder or more of a minimalist?