Psalm one said so, part IV
Psalm 1 is focused on the individual. It is one man (or woman) who is the blessed individual that the psalmist is talking about. At the heart of the blessing, the enviable state of being loved by God and cared for by him, is that this person both hears God's law and lives it out. Indeed, this hearing of God's word is the only meditation that the Bible recognizes as Christian.
“His delight is in the law of the LORD,
and on his law he meditates day and night.” (Ps 1:2)
It is one of the best verses in support of daily Bible reading that I have ever come across. But notice two things: firstly, it is not daily but twice-daily! The meditation happens “day and night”. Quite likely the psalmist, consistent with the rest of the Old Testament, means that we should pay attention to God's word all the time, not just in the five minutes before breakfast or the five minutes before bed.
And the idea of meditation, together with the rest of the psalm, means that we aren't just skim-reading. Reading God's law is just the first step in understanding what it says, thinking about it, delighting in it, giving thanks for it, and letting it shape our lives.