Matthieu Ricard writes in Happiness: A Guide to Developing Life’s Most Important Skill,

Renunciation, at least as Buddhists use the term, is a much-misunderstood concept. It is not about giving up what is good and beautiful. How foolish that would be! Rather it is about disentangling oneself from the unsatisfactory and moving with determination toward what matters most. It is about freedom and meaning—freedom from mental confusion and self-centered afflictions, meaning through insight and loving kindness.