Acharya Prashant addresses the question of how to live by explaining that life is not a special future event but is happening right now in the present moment. He emphasizes that living consists of simple actions like speaking, listening, sitting, and smiling. When these actions are performed with complete attention, it results in joy. He observes that those who listen attentively are truly alive, while those who are distracted or restless are effectively dead because they are not present where life is actually occurring. He asserts that life exists only in the 'here and now' because that is where one is breathing and sitting. If the mind is wandering elsewhere, one is not truly living. He further explains that most people live very little of their actual lifespan because they are constantly distracted by past or future concerns. This lack of presence leads to frustration, boredom, and exhaustion in old age, as people realize they have not truly lived despite their years. Acharya Prashant warns that time is limited and there is no guarantee of a long life, citing examples of peers who passed away unexpectedly. He urges the audience to understand that every moment wasted is a part of their life gone forever. He concludes by advising that since time is limited, one must live the present moment fully and completely.