Ibn al-Qayyim said:
‘Every Muslim should be warned of the oppression of:
‘I – My/Mine – I Possess’
Indeed these three words are what Iblees (Shaytan), Fir’awn and Qaroon were tried
with.

Iblees said: ‘I am better than him’

Fir’awn said: ‘Is not mine the Kingdom of Egypt,’

Qaroon said: ‘This has been given to me only because of knowledge I possess.’

So regarding the saying of the Slave of Allaah ‘I’ – then the best that he can be
described with is:
I am a slave who sins, makes mistakes, seeks forgiveness and recognizes this.

So regarding the saying of ‘My/Mine’ – and those statements similar to that is:
My sins, my crimes, my humbleness, my depravation and submissiveness.

So regarding the saying of ‘I Possess’:
Forgive me for my mistakes and what I do intentionally, in jest, or in seriousness and
I possess all these shortcomings.

[Taken from ‘Za’ad al-Ma’aad’ 2/475 – By Ibn al-Qayyim al-Jawzeeyah]