Psalm 49
Encyclopedia
Psalm 49 is the 49th psalm from the Book of Psalms. The psalm was written by the sons of Korach
Korahites
The Korahites in the Bible were that portion of the Kohathites that descended from Korah.They were an important branch of the singers of the Kohathite division...

 after recognizing their father's greed for wealth as the root of his downfall, and to teach that the purpose of one's life on earth is to enhance his spiritual development and the prepare for the World to Come.

Judaism

  • Is recited on the day of Parshat Shekalim.
  • Is recited following Shacharit
    Shacharit
    Shacharit is the the daily morning Tefillah of the Jewish people, one of the three times there is prayer each day.Shacharit is said to have been established by the patriarch Abraham when he prayed in the morning...

     and Maariv
    Maariv
    Maariv is a Hebrew language daily newspaper published in Israel. It is second in sales after Yedioth Ahronoth and third in readership after Yedioth Ahronoth and Israel HaYom. In a TGI survey comparing the last half of 2009 with the same period in 2008, Maariv saw its market share fall slightly...

     in a house of mourning.
  • Verse 6 is found in the Foundation of Repentance recited on the eve of Rosh Hashanah
    Rosh Hashanah
    Rosh Hashanah , , is the Jewish New Year. It is the first of the High Holy Days or Yamim Nora'im which occur in the autumn...

    .
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