When was the last time we examined our hearts and "thought on our ways?" If we find our ways not in line with God's Word, do we make haste and delay not to keep His commandments (vs 60)?
A good pattern to follow in our daily lives: praise God, call upon Him, declare His doings, exalt His Name among others.
How faithfully do we attend the "school" of God's Word? We will never truly have understanding and wisdom if we do not learn AND apply God's Word in our daily lives.
I found this circle interesting: we need understanding to know God's testimonies, yet God's word gives understanding. Seeking God so that He can give us understanding for His Word and actively being in the Word so we can get understanding go hand-in-hand.