Psalm 103 "Praise the Lord, my soul, and forget not all his benefits ". Psalm 103:2. Psalm 103 reminds us that "The Lord is compassionate and gracious.... He does not treat us as our sins deserve or repay us according to our iniquities. For as high as the heavens are above the earth, so great is his love for those who fear him. " In our walk of faith, we come to Jesus humbled by our unworthiness. There is no sense of entitlement as we receive His grace, and are overwhelmed by His love. They remind us of "all His benefits".