The next verse for the Psalm of the year, Psalm 114, tells us where we live.
היתה יהודה לקדשו ישראל ממשלותיו׃
"Judah was his sanctuary, and Israel his dominion." (Psalm 114: 2)
Even before the nation of Israel left Egypt, God promised to these people through Abraham a land flowing with milk and honey:
"13And he said unto Abram, Know of a surety that thy seed shall be a stranger in a land that is not theirs, and shall serve them; and they shall afflict them four hundred years; 14And also that nation, whom they shall serve, will I judge: and afterward shall they come out with great substance. 15And thou shalt go to thy fathers in peace; thou shalt be buried in a good old age. 16But in the fourth generation they shall come hither again: for the iniquity of the Amorites is not yet full." (Genesis 15: 13-16)
When God revealed the Promised Land to Abraham, He also told them that the Israelites would be prisoners for four hundred years, but would leave the land with great substance:
"And the LORD gave the people favour in the sight of the Egyptians, so that they lent unto them such things as they required. And they spoiled the Egyptians." (Exodus 12: 36)
Without shedding any blood or sweat and tears, the Israelites got all the back pay and more for the slavery they had endured
היתה יהודה לקדשו ישראל ממשלותיו׃
God wants us to live in Praise — the meaning of Judah, for He inhabits our praises, and we raise our awareness to our Perfect King, who reigns in us, with us, and for us in all things.
Israel means "prince with God", and today we are princes with Christ Jesus, for we reign in life with Him:
'"For if by one man's offence death reigned by one; much more they which receive abundance of grace and of the gift of righteousness shall reign in life by one, Jesus Christ." (Romans 5: 17)
and also
"4But God, who is rich in mercy, for his great love wherewith he loved us, 5Even when we were dead in sins, hath quickened us together with Christ, (by grace ye are saved;) 6And hath raised us up together, and made us sit together in heavenly places in Christ Jesus: " (Ephesians 2: 4-6)
We live in praise, and we rest in the Prince of Peace!