“For whoever finds me finds life, And obtains favor from the Lord;” – Proverbs 8:35 NKJV
Here in proverbs, wisdom is talking. So if we find wisdom we also find life and receive favor from the Lord. Favor from the Lord is the best favor there is because I believe you can have favor with the Lord, which can result in favor with God as well. Think about the story of Joseph in the bible! After being taken to Egypt as a slave, He had God’s favor and wisdom! Plus he had the favor of those he interacted with everywhere he went. If you don’t remember the story, please go ahead and read it. Read it also in a version that you know you will be able to understand, or switch to a different version like the amplified if you’d like some points explained more. Don’t stick to the version you are used to if you have been a Christian for many years.
“If any of you lacks wisdom, let him ask of God, who gives to all liberally and without reproach, and it will be given to him.” – James 1:5 NKJV
I love that if we are lacking wisdom, all we have to do is be humble, go to God and ask for His wisdom. His word gives us assurance that He will give us wisdom, because as the verse above says, He gives liberally and without reproach (freely, no restraint).
Let’s look at the Amplified Bible,
If any of you lacks wisdom [to guide him through a decision or circumstance], he is to ask of [our benevolent] God, who gives to everyone generously and without rebuke or blame, and it will be given to him. 6 But he must ask [for wisdom] in faith, without doubting [God’s willingness to help], for the one who doubts is like a billowing surge of the sea that is blown about and tossed by the wind. 7 For such a person ought not to think or expect that he will receive anything [at all] from the Lord, 8 being a double-minded man, unstable and restless in all his ways [in everything he thinks, feels, or decides]. James 1:5-7
The amplified version gives more explanation for some verses, I tried to expound a bit more on James 1:5 I’m not sure if it helped, but I hope the amplified version helps you all out.