The blessings for those who make God their Lord, and the punishments for those who do not.
Verses 1-6: This wisdom psalm basically functions as an introduction to the entire book of Psalms. Psalm 1 separates all people into their respective spiritual categories:
By observation, all people are separated ethically (1:1-4)
A picture of the Godly (1:1-3).
A Picture of the Ungodly (1:4).
By outcome, all people are separated judicially (1:5-6).
The Failure of Ungodly People (1:5).
The Fruition of Lifestyles (1:6).
Recognition of the Godly.
Ruination of the ungodly (1:6b).