Today is Monday so begin by reviewing all the Psalms. Then review James 1:1-8 before going on to today's verse....
9 The brother in humble circumstances ought to take pride in his high position.(NIV)
9 Let the lowly brother boast in his exaltation, (ESV)
Both poverty and riches can cause us to focus on the world rather than on God. Thankfully, God is no respecter of persons - IOW, poor and rich are of equal value in God's eyes. In this verse, James says for the poor to boast or glory in their high status in Christ. They may be poor according to the world, but God will exalt or vindicate them.
Another short one today! Repeat, repeat, repeat.
LeRoy Eims on the importance of Scripture memory: "I think two of the master strokes of the devil have been to convince people he doesn't exist, and that Scripture memory is only for children. He remembers the humility of defeat when Jesus Christ, who was tempted in all points like as we are, met him with the Word of God." (What Every Christian Should Know About Growing; p. 26-27)