NKJV - 2 Bless the LORD, O my soul, And forget not all His benefits:
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The most important of the many benefits that God has bestowed on humanity is making eternal life possible for us through faith in Christ. But God also provides humankind with life itself, as well as with every good thing (both tangible and intangible) with which people are blessed, including their senses and health, the beauty and resources of God's creation, family, possessions, food and drink, and employment. In the case of the psalm from which the verse in the question came, David (the author of the psalm) was undoubtedly thinking also of the protection that God had provided to him from his enemies, and the blessings that God had given him in taking him from being a shepherd to being king of Israel, with all the authority and material wealth that came with that position.
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