By Troy Anderson's Team. Psalm 1: A Guide to Righteous Living, Spiritual Prosperity, Encouragement, and Prayer. Psalm 1 offers profound insights into living a life of righteousness and achieving spiritual prosperity. This foundational psalm sets the stage for the entire Book of Psalms, highlighting the blessings that come from delighting in God's law and meditating on His word. Through its poetic verses, Psalm 1 contrasts the path of the righteous with the way of the wicked, emphasizing the importance of following God's guidance for a fruitful and blessed life.