Acharya Prashant addresses the difference between ego and self-respect. He begins by defining the ego as the feeling of "I am, I exist," which is the central feeling in every living being. In popular understanding, ego has become synonymous with pride, leading to its association with self-respect. However, Acharya Prashant clarifies that ego and self-respect are quite different concepts. He explains that self-respect is a hazy concept. If respect means to value something, it requires knowing what to value. The ego, however, cannot truly know what is important because it only sees itself as important. Being false, little, and insecure, the ego lacks the courage to give importance to anything beyond itself. The ego's way of respecting is based on bias, tradition, or influence, not on merit or clarity. The word "respect" itself comes from the ability to look at something again and again with the intention of discovering the truth. The ego, however, has beliefs but no vision, dreams but no reality. True self-respect, according to the speaker, is nothing but self-awareness, which requires self-knowledge as a prerequisite. Knowing oneself is a process of negation, of discarding all that which one is not, which ultimately leads to the real Self. Therefore, real self-respect is knowing oneself. People who do not know themselves are the ones who disrespect themselves the most by remaining ignorant of their true nature. Humility is defined as knowing that one's default identity is the ego and recognizing one's vulnerability to mistakes. It is the ability to call an illusion an illusion.