Reflective practice involves understanding how our actions affect ourselves and others through awareness and introspection. It allows us to gain developmental insight so we can learn not just from outcomes but by reflecting on experiences. The document describes a student reflecting on which subject to pursue for a degree. He realizes doing what he likes, such as history, will make him happy and motivated even if it's not lucrative, as long as he has clarity on supporting himself, such as becoming a teacher. Reflective practice provided clarity and helped him choose a path aligned with his interests and abilities.