What is the meaning of Psalm 1:3?

* The two F.O.G. Bibles & Commentary below are currently a work in progress.

He is like a tree planted by streams of water, yielding its fruit in season, whose leaf does not wither, and who prospers in all he does.

Berean Standard Bible (BSB)

He will be like a tree planted by the streams of water, that brings forth its fruit in its season, whose leaf also does not wither. Whatever he does shall prosper.

World English Bible (WEB)

And he shall be like a tree{H6086} planted{H8362}{(H8803)} by the rivers{H6388} of water{H4325}, that bringeth forth{H5414}{(H8799)} his fruit{H6529} in his season{H6256}; his leaf{H5929} also shall not wither{H5034}{(H8799)}; and whatsoever he doeth{H6213}{(H8799)} shall prosper{H6743}{(H8686)}.

Strong's King James

He will be like a tree planted by canals of water, Whose fruit is produced in its season, Whose foliage does not wither, Whatever he does prospers.

The F.O.G*

They will be like a tree planted by channels of water, Producing fruit at the right time, Their foliage never withers, And everything they do succeeds.

The F.O.G Paraphrase

And he hath been as a tree, Planted by rivulets of water, That giveth its fruit in its season, And its leaf doth not wither, And all that he doth he causeth to prosper.

Young's Literal Translation