mamaiṣa kālo 'jita niṣphalo gato
rājya-śriyonnaddha-madasya bhū-pateḥ
martyātma-buddheḥ suta-dāra-kośa-bhūṣv
āsajjamānasya duranta-cintayā
mama -- my; eshah -- this; kalah -- time; ajita -- O unconquerable one; nishphalah -- fruitlessly; gatah -- now gone; rajya -- by kingdom; sriya -- and opulence; unnaddha -- built up; madasya -- whose intoxication; bhupateh -- a king of the earth; martya -- the mortal body; atma -- as the self; buddheh -- whose mentality; suta -- to children; dara -- wives; kosa -- treasury; bhushu -- and land; asajjamanasya -- becoming attached; duranta -- endless; cintaya -- with anxiety.
Having in the previous verse condemned those who misuse the valuable human form of life for mundane purposes, Mucukunda now admits that he himself falls into this category. He intelligently wants to take advantage of the Lord's association and become a pure devotee once and for all.