Renouncing property and wealth

My question is about supreme peace that is received from renunciation. When people renounce a major portion of their possession and title, they are believed to get supreme peace. Where I can get a detailed discussion about renunciation and a little logical discussion too that makes a person renounce? The ASIAN continent is filled with Buddhist, and Muslim countries. Many users of Buddhist countries can sufficiently address my concern. my concern is the risk associated with renunciation.