There is one other verse I forgot to mention that is personally becoming one of the most important verses in the bible to me.
The disciples asked Jesus why he spoke in parables and his answer in Matthew 13:11-13 was, on first glance, cryptic...there is no other way I can put it. The more I have meditated on it and prayed through it though, I have determined that based on this passage, there is a direct linkage between hearing the word, obeying it, and understanding it. Over the last few years I have studied and studied and divided, and prayed for understanding, and in many ways I have been blessed by the Lord with far more insight and light on the scriptures than at any other point in my life. However I have begun to learn that if I apply the word, understanding about the word is far greater than understanding it just for the sake of understanding. I have found that there is a degree of spiritual anemia that comes with studying only for the sake of understanding.
So I can say that more than any other technique, or system, the best way to get anything out of the word is to begin applying it, by the power of the Holy Spirit-through the grace of Christ-to the benefit of others and yourself.
"Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty. But we all, with open face beholding as in a glass the glory of the Lord, are changed into the same image from glory to glory, even as by the Spirit of the Lord." 2Corinthians 3:17-18
"For if any be a hearer of the word, and not a doer, he is like unto a man beholding his natural face in a glass: For he beholdeth himself, and goeth his way, and straightaway forgetteth what manner of man he was. But whoso looketh into the perfect law of liberty, and continueth therein, he being not a forgetful hearer, but a doer of the work, this man shall be blessed in his deed." James 1:23-25
I know this may seem like a sidebar from what you were asking, but I find that it is absolutely true. Faith comes by hearing, and hearing by the word of God. In my view, there is little, if any, distinction between faith and obedience. As we obey, we understand, as we understand, we drink of the River of life, and leap underneath His light burden. We then return to understanding, and to that we begin "Giving all diligence, add to your faith virtue; and to virtue knowledge; and to knowledge temperance; and to temperance patience; and to patience godliness; and to godliness brotherly kindness; and to brotherly kindness charity, FOR IF THESE THINGS BE IN YOU AND ABOUND, THEY MAKE YOU THAT YE SHALL NEITHER BE BARREN NOR UNFRUITFUL IN THE KNOWLEDGE OF OUR LORD JESUS CHRIST. 2Peter 1:5-8
So the word here gives us a far greater method whereby to be fruitful in our understanding of the word than ANY method any man has ever contrived. I call this passage of scripture the "Christians Litmus Test." And I regularly and consistently come to this passage of scripture to see how I am doing with it, and I ask the Lord to help me grow.
I hope this is a blessing and a help brothers and sisters.
In Christ forever and ever, we shall meet in the clouds...
-Jeremiah