The blessed man in this scripture is described by what he avoids, the blessed man has to avoid walking , standing, sitting with the wicked. he maditates on the word of God day and night.
the bible teaches in joshua 1:8 that "Keep this Book of the Law always on your lips; meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful".
when we read, know and meditate on the word of God, we know what God wants us to do and in doing so we walk in obidience with God. the Bible teaches in psalms 119: 105 that " thy word is a lamp unto my feet and a light unto my path". meaning that the word of God directs our every actions. ( john 13:17)."Now that you know these things, you will be blessed if you do them". when we obey God, we are blessed!!
there is no shortcut to prosperity apart from God because his blessing makes us prosper as it is written in proverbs 10:22 that "The blessing of the LORD makes a person rich, and he adds no sorrow with it"
when you walk in obidience to God you are blessed to prosper!!!
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