Preserve me, O God, for in you I take refuge.  I say to the LORD, “You are my Lord; I have no good apart from you.”  As for the saints in the land, they are the excellent ones, in whom is all my delight.  The sorrows of those who run after another god shall multiply; their drink offerings of blood I will not pour out or take their names on my lips.  The LORD is my chosen portion and my cup; you hold my lot.  The lines have fallen for me in pleasant places; indeed, I have a beautiful inheritance.  I bless the LORD who gives me counsel; in the night also my heart instructs me.  I have set the LORD always before me; because he is at my right hand, I shall not be shaken.  Therefore my heart is glad, and my whole being rejoices; my flesh also dwells secure.  For you will not abandon my soul to Sheol, or let your holy one see corruption.  You make known to me the path of life; in your presence there is fullness of joy; at your right hand are pleasures forevermore. (Psalm 16 ESV)
Let us continue to look at the recollection of the Psalmist as to the present faithfulness of God in his life.
He speaks of the sustenance of the Lord when he says that the Lord has assigned him his portion and his cup. He not only thanks God for sustaining him, but for making the inheritance promised to him secure.
He then mentions that the land God has given him is pleasing to him, for the boundaries are favorable to him. In surveying his blessings from God, the Psalmist calls it beautiful.
Look at the areas of blessing that the Psalmist is recounting for the reader (5-6):
Sustenance (food and drink)
Security (fulfillment of promised inheritance)
Special Treatment (Favorable inheritance)
Hope in the Psalms
When we look at the blessings that the Lord has given us we can’t even begin to count them all, but we can echo the Psalmist and say that we are amazed at how the Lord has provided for us in the way of food, security and a good place to live. We are blessed with more than most and God is showing Himself to us in a powerful way as our portion in all these things.