Acharya Prashant explains that the concept of 'living in the moment' has become a hollow cliché that often prevents actual living. He argues that when one consciously thinks about being in the moment, they are merely processing time and are not truly present. True presence is characterized by an absence of self-consciousness regarding time. He suggests that for those who have progressed in their spiritual journey, such pointers are no longer necessary and can even be counterproductive, leading to endless mental processing rather than direct experience.