There are so many good things in this Psalm but here are my favorite verses:
8 Good and upright is the LORD; therefore he instructs sinners in the way.
9 He leads the humble in what is right, and teaches the humble his way.
10 All the paths of the LORD are steadfast love and faithfulness, for those who keep his covenant and his testimonies.
11 For your name's sake, O LORD, pardon my guilt, for it is great.
12 Who is the man who fears the LORD? Him will he instruct in the way that he should choose.
13 His soul shall abide in well-being, and his offspring shall inherit the land.
14 The friendship of the LORD is for those who fear him, and he makes known to them his covenant.