Ibn Qayyim (rahimahullah) said:
“Every Muslim should be warned of the oppression of: ‘I/My/Mine- I possesses ‘Indeed these three words are what Iblees (Shaitan),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 I possess knowledge.
‘So regarding the saying of the slave of Allah ‘I’-then the best that 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 humbleness, my deprivation 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.”
[Za’ad Al-Ma’aad 2/475]