The purpose of this paper is to identify, though qualitative research, the process by which people retain personal belongings for long periods by modeling the conceptual structure of how the possession of personal object is maintained. To collect the data, interviews were performed with people who had held valued possessions for long periods. The qualitative data in their comments were analyzed by M-GTA. The results show a process of updating the possession status of owned items by attaching meaning to them, This attachment of meaning happens as a result of the owners making decisions that are based on how they see the object's status while engaged in their daily actives.