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Meditation is described as a transformative practice that has impacted the speaker's life positively. By starting meditation at a young age, the speaker experienced significant changes in managing stress, emotions, and decision-making. Through meditation, the speaker learned to have a third-person perspective on thoughts and emotions, leading to a greater sense of self-control and awareness. Additionally, meditation enhanced the speaker's creativity and problem-solving abilities, providing solutions and insights that seemed to come naturally during meditative practice.