There are only two ways to live – the way of the righteous, and the way of the wicked. We are either orienting our lives towards God, or away from him. These two ways are described in the Psalm as having 1) two influences (vv 1-2), 2) two effects (vv 3-4), and 3) two outcomes (vv 5-6). A life lived for God is influenced by his Word, is fruitful, and finds ultimate refuge in him.