And -- The Greek word translated as "and" is used as the conjunction "and," but it also is used to add emphasis, "even," "also," and "just."

I -- This is from the first-person, singular form of the verb.

'll -- This helping verb "will" indicates that the verb is the future tense. Helping or auxiliary verbs are needed to translate the Greek verb forms into English.

say - The word translated as "say" means "to say" and "to speak." It is one of the two most common words translated "speak," "say" and "tell," but it has more a sense of addressing and proclaiming.

to -- This word "to" comes from the indirect object form of the following word that requires the addition of a preposition in English. The most common is a "to" for the English indirect object.

missing "the/this"  -- (MW) The untranslated word is the Greek definite article," the," which usually precedes a noun or changes the word it precedes (adjective, infinitive, participle, etc.) to act like a noun. The Greek article is much closer to our demonstrative pronouns ("this," "that," "these," and "those"). See this article for more.

my- - "My" is the first-person possessive singular pronoun, "my," "me," and "mine." Usually follows the noun so, "of mine."

self -- The word translated here as "self" is psyche, a common word in Greek, familiar in English, translated commonly as "life," "soul," "consciousness," and "a sense of self." It is used for different aspects of "self," the emotional self, the conscious self, the intellectual self.  Jesus uses it to mean our identity in our worldly life specifically, the role we play on earth, what we might call the "self," "ego," or our "the person we are."   The problem with translating it as "life" is that another common Greek word means "life." The problem with "soul" is that it doesn't work for many verses because the "soul" is separate from the body. Though the word can mean a departed spirit, most of the word's meanings revolve around "self." "Soul" can also be confused with the concept of "spirit" which is another Greek word.  When "self" doesn't work, "person" offers the least confusion. See this article for detail about this word.

missing "self"  -- (MW) The untranslated word "self" is psyche, a common word in Greek, familiar in English, translated commonly as "life," "soul," "consciousness," and "a sense of self." It is used for different aspects of "self," the emotional self, the conscious self, the intellectual self.   See this article for detail about this word. CW --Confusing Word -- "Soul" has a religious meaning that the Greek word didn't have.

You -- This is from the second-person, singular form of the verb.

have - The word translated as "have" means to "have," "possess," "bear," "keep close," "hold in," "to have due to one," or "keep" and many specific uses.

plenty of -- The word translated as "plenty of" means many in number, great in power or worth, and large in size.

grain (WW) The adjective translated as "grain" means "useful," "worthwhile," and "of high quality. As a noun, the word "valuable" or "valuables" in the plural makes the idea clearer than "good" and "goods." See this article on "good" and this one on "evil." This word doesn't mean "grain." 

laid up  - --(WF, WV) The word translated as "laid up" means "lying down to rest" or "lying dead." "of places, it means it mean "to lie" or "be situated." The verb could be passive but it could also be the middle voice where the subject acts on, by, or for itself. This is not an active verb but a participle, a verbal adjective, ending with "-ing" in the present and "-ed," "en," etc. in the past.  The verb here is translated as active but it is passive.

for - The word translated as "for" means "into" a place, "towards" as a direction, "in" (a position),  "as much as (of measure or limit)," "in regards to" a subject, "up to" limits in measures, "until" in reference to time, "within" a time limit, and "for" a purpose or object. Used with the Greek "from" it means "from...to."

many -- The word translated as "many" means many in number, great in power or worth, and large in size.

years; - -"Years" is from a Greek word that means "year", "yearly", and "annually". It is also an uncommon word, used primarily by Luke. 

Take life easy; - - "Take life easy" is a Greek verb, which means "to make to cease," "to relieve from," "to put and end to," "to rest," and "to take rest." The form is a middle voice where the subject acts on themselves. The sense is "rest yourself."

missing "yourself"-- (WV) A phrase is necessary because the form of the previous verb is a middle voice, which means that the subject is to  act on "yourself," "for yourself" or "by yourself."

eat, - The word translated as "eat" is one of the two common words used to mean "eat. "It means "to eat," "to eat up," and "to devour." It also means to "fret" as we say "to eat up."

drink, -- The word "drink" is the Greek for meaning to "drink." It also has a double meaning. "To drink" also means "to celebrate."

and  -- (IW) This word is not in the Greek source.

be -- This helping verb "be" indicates that the verb is passive. Helping or auxiliary verbs are needed to translate the Greek verb forms into English. The form could also be the middle voice.

merry. . -- The Greek verb translated as  "be merry" means "cheer", "gladden", and in the passive, "make merry" and "enjoy oneself". It is used only in parables by Luke, most commonly in the parable of the prodigal son.