Acharya Prashant addresses the misconception that life without an ego would be goal-less and worthless. He clarifies that we do not 'have' an ego; rather, we 'are' the ego. He explains that for one to possess something, there must be a distinction between the possessor and the possessed, but in our current state, we are inseparable from our egoic identities. The ego is described as a collection of external influences, including society, education, family, and evolution. Therefore, if we are the ego and the ego is external, our current sense of self is essentially a sum total of foreign influences rather than our true essence.