The speaker in this sonnet is in a low state of mind to begin with. His attitude to life is to "beweep" whatever has led to his "disgrace" in the eyes of both fortune and other people; he is cursing his own existence and envying others' "art" and "scope" which, he feels, prevent them from "despising" themselves as he does in this moment. However, the speaker's state of mind does not stay like this for long, because he has discovered a means of elevating it to something happier. The poet describes how thoughts of his beloved cause his mental state to rise "like a lark" ascending. When he thinks of his beloved, the thought of him and the relationship they have causes the speaker's attitude to change entirely. Where before, he had been cursing himself and his existence, looking at all around him and wishing he could be them instead, now he feels rich in himself and in his existence. Indeed, once he has thought about his beloved, the speaker would not even exchange his lot in life with that of "kings," knowing that his beloved exists in the world.