Blessed is he whose transgressions is forgiven, whose sin is covered.
Blessed is the man unto whom the Lord imputeth not iniquity,
and in whose spirit there is no guile.
Psalms 32:1-2

When we accept the gift of salvation from Jesus, our sin is covered. We become part of the blessed family of God. We are clean in the sight of the Lord. There are other expectations, but the main thing is that our sin is covered. We are given eternal life for accepting Jesus.

Many sorrows shall be to the wicked:
but he that trusteth in the Lord, mercy shall compass him about.
Verse 10

When we accept the gift of salvation, we are given mercy by God.  If we trust in the Lord then we should not be worrying about anything.  Trusting in the Lord means turning everything over to Him.  For those who do not know, sorrow will befall them.  Sorrow, in this sense or interpretation, means that the wicked will face the wrath of God.  Because we are part of the family of God, He will bestow mercy on us.  We will get to live with Him in eternity.

Our God is a loving God.  He shows mercy to those who ask for it.  He is the Shield for the defenseless.  He is the Solace for those who do not have much.  He loves us no matter what we do.

Be glad in the Lord, and rejoice, ye righteous;
and shout for joy, all ye that are upright in heart.
Verse 11

Rejoice!  God rejoices when we accept His gift of eternal life.  We are like the prodigal son. We wander astray from the life that God has set before us.  But, like the prodigal son, we return to God when we accept Jesus into our heart.  We should rejoice when we accept Jesus.  We should rejoice when another person accepts Jesus.  The children of God are returning home when they accept this wonderful gift.

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Dear heavenly Father, Thank You for Your wonderful gift and many blessings. Thank You for Your mercy. Thank You for Your forgiveness. In Jesus name.
Amen.