Psalm 112:1

Psalm 112:1 KJV Praise ye the LORD. Blessed is the man that feareth the LORD, that delighteth greatly in his commandments.
 
Here again is a promise to be blessed or happy. Understand that God is not offering a happiness that is based on the circumstances and people around us. God is offering a happiness that is based on Him and His presence in our life. There are two conditions to be met to be blessed. One is that we fear God. To fear means to revere. We must honor God with our life and place Him first in our life. The second condition is to delight in His Word. The word delight means to incline to or desire. There must be a great desire in our life for the Word of God. To be truly blessed, our reverence for God and our delight in His Word ought to match and be great in our life.