Is "Self Love" a Bad Word?

I'm a huge fan of Christine Arylo and her work around self love. I can't tell you how big a difference she's made in my life. When I first found her, one of the things she was talking about was loving oneself and how it's perceived as a bad, selfish thing. It's actually defined at Dictionary.com as:

self-love [self-luhv]

noun

1. the instinct by which one's actions are directed to the promotion of one's own welfare or well-being, especially an excessive regard for one's own advantage.

2. conceit; vanity.

3. narcissism ( def. 2 ) .

It sure doesn't sound like an honorable thing, does it? It sure didn't sound like something I wanted to strive for. But then Christine asked this question: Would you tell your daughter, your sister, or your mother to not love herself?