I think it is quite possible, but you have to be committed to it and you have to have a bit of contempt for other people's opinions about things that don't matter.
Probably the easiest way to do it is to try and live on as little money as possible, spending money on only things that can be logically justified. Of course you have to be honest with yourself, since self delusion in strong in humans.
I buy very simple clothes, no jewelry, the cheapest food, try not to own more than I need to and try to be rational about housing and a car.
It has the great benefit of not needing much money to live and the freedom that it brings. The rat race is a very real thing.
It doesn't really work if you have a family, or a certain kind of social life, but otherwise it's actually quite fun.