This verse describes the three alternatives for a householder. He may continue at home, or he may take vānaprastha, which involves going to a sacred place with one’s wife. Or if he has a responsible son to take over his family duties, he may take sannyāsa, the renounced order, for a definitive solution to the problems of life. In all three āśramas, ultimate success depends on sincere surrender to the Supreme Lord; therefore, the most important qualification one can have is Kṛṣṇa consciousness.