Acharya Prashant clarifies that the concept of a 'karmic account' is merely a mental construct. He explains that the mind is like a house owned by the ego, and it only retains memories or entanglements that the ego deems profitable or useful for its identity. Even painful memories are preserved because they provide a sense of security for one's identity. He notes that the mind has an auto-deletion process, but it selectively keeps certain past experiences to derive pleasure or to model future expectations. This ritualistic hankering for the past occurs primarily when the present is insufficient, hollow, or lacking the right kind of challenges. To free oneself, one must live a fulfilling life in the present, which makes past memories too insignificant to be remembered. Regarding the purpose of life, Acharya Prashant states that humans are born in a state of unfulfillment and constant desire. While individual desires may be satisfied, the person remains incomplete. He defines the purpose of life as understanding this internal lack and the nature of the self that is always complaining and never complete. By observing the source of our desires, daily actions, and relationships without suppression or blind pursuit, one can achieve liberation from suffering. He concludes that the ultimate goal is 'mukti' or liberation, which is attained through the deep understanding of one's internal processes.