2Timothy 3:16 [KJV]: All scripture [is] given by inspiration of God, and [is] profitable for doctrine, for reproof, for correction, for instruction in righteousness:
2Timothy 3:16 [NLT]: All scripture is inspired by God and is useful to teach us what is true and to make us realize what is wrong in our lives. It corrects us when we are wrong and teaches us to do what is right.
2Timothy 3:16 [NIV]: All is scripture is God-breathed and is useful for teaching, rebuking, correction and training in righteousness.
Key Point: The Word of God is a complete guide to living our daily lives; as Christians we are to live in accordance to the scriptures. Bishop David Oyedepo, said in one his preaching that the Bible is not just a religious book; it is a manual for living, it is a manual for profitable living.
Living our lives according to the Word would draw us closer God, would make us know the promises of God for our lives (Joshua 1:8, Jer. 29:11) as we mediate on it and would help us continue stay on the path of righteousness, which pleases God.