We should be thankful to God for His blessings every day. He has provided for all of our daily needs and He has given us many more good gifts besides our necessities. The Lord wants to bless us and He does so cheerfully.
We should bless God as well by praising Him. We each need to magnify God personally. No one can glorify God on our behalf. And if we will praise God we may be able to encourage other people to do the same.