Passage
I will meditate on your precepts, and consider your ways.
I will meditate on your precepts, and consider your ways.
Psalms 119:13 With my lips, I have declared all the ordinances of your mouth.
Psalms 119:14 I have rejoiced in the way of your testimonies, as much as in all riches.
Psalms 119:15 I will meditate on your precepts, and consider your ways.
Psalms 119:16 I will delight myself in your statutes. I will not forget your word.
Psalms 119:17 Do good to your servant. I will live and I will obey your word.
The verse centers on "meditate", "precepts", "consider", and "ways". It is saying that the verse draws attention to "meditate" and "precepts", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 14's "I have rejoiced in the way of..." into verse 16's "I will delight myself in your statutes...", so "meditate" and "precepts" belong inside that flow. In Psalms context, the local focus is worship, trust, the LORD's kingship, and covenant mercy.
A plain takeaway is to answer the verse's own emphasis on "meditate" and "precepts" with trust shaped by these words, not by a vague optimism outside the passage.