Acharya Prashant explains that the problem of time management is not about time itself, but about the self and the mind. He argues that when we ask how to utilize time, we make an arrogant assumption that everything else about us is fine. Using the analogy of physical illness, he suggests that focusing on time is like focusing on a minor symptom like a pimple while ignoring a deeper systemic issue. He asserts that time cannot be managed because it simply flows; instead, it is the mind that must be managed. The mind wastes not just time, but all resources and life opportunities because it is the self that is wasteful.