। ॥ ३२३ ॥
In plain words
For one who knows the Self, there is really only one danger: carelessness about your own true nature. From that carelessness comes delusion. From delusion, the false idea 'I am this body.' From that, bondage. And from bondage, suffering.
Close to the Sanskrit
For the knower [of the Self], there is no other calamity than negligence regarding his own true nature. From that comes delusion; from that, the 'I'-notion [misapplied to the body]; from that, bondage; from that, suffering.