"The idea that scripture reading can lead to inspiration and revelation opens the door to the truth that a scripture is not limited to what it meant when it was written but may also include what the scripture means to a reader today.
Even more, scripture reading may also lead to current revelation on whatever else the Lord wishes to communicate to the reader at that time.
Because we believe that scripture reading can help us receive revelation, we are encouraged to read the scriptures again and again. By this means, we obtain access to what our Heavenly Father would have us know and do in our personal lives today. This is one reason Latter-day Saints believe in daily scripture study."(Source: Elder Dallin H. Oaks, Ensign, January 1995, p. 8).