“The fear of the LORD is the beginning of wisdom; all those who practice it have a good understanding” (v10). The fear of the Lord includes honor and reverence and, especially, a recognition of God’s character which He has expressed through His works, a word repeated 5 times in this short psalm. The psalmist said that meditating on what God has done – His creation, His saving acts, His kindness, His provision (v2-4) – causes us to praise Him (v1) and leads to greater understanding and wisdom.
“The works of His hands are faithful and just” (v7). From creation to salvation and His personal kindness to us, we know God is faithful because we’ve experienced His goodness.