Smart Quote of the Day, January 9, 2021

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"The false prestige of thinking 'I am very rich, and I possess such vast property' is another side of material life. Everything belongs to the Supreme Personality of Godhead, and no one else possesses anything. This is the real fact..."

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This is from the Srimad-Bhagavatam 8.21.34

[This chapter of the Srimad-Bhagavatam is entitled, "Bali Maharaja Arrested By The Lord." This chapter describes how Lord Vishnu, wanting to advertise the glories of Bali Maharaja, arrested him for not fulfilling his promise in regard to the Lord’s third step.]

TRANSLATION

Being falsely proud of your possessions, you promised to give Me land, but you could not fulfill your promise. Therefore, because your promise was false, you must live for a few years in hellish life.

PURPORT (excerpt):

The false prestige of thinking “I am very rich, and I possess such vast property” is another side of material life. Everything belongs to the Supreme Personality of Godhead, and no one else possesses anything. This is the real fact...

Bali Maharaja was undoubtedly the most exalted devotee, whereas previously he had maintained a misunderstanding due to false prestige. By the supreme will of the Lord, he now had to go to the hellish planets, but because he went there by the order of the Supreme Personality of Godhead, he lived there more opulently than one could expect to live in the planets of heaven.

A devotee always lives with the Supreme Personality of Godhead, engaging in His service, and therefore he is always transcendental to hellish or heavenly residences.

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