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Psalm 49

Psa. 49:8 KJV (With Strong’s)

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8
(For the redemption
pidyowm (Hebrew #6306)
or pidyom {pid-yome'}; also pidyown {pid-yone'}; or pidyon {pid-yone'}; from 6299; a ransom; --ransom, that were redeemed, redemption.
Pronounce: pid-yome'
of their soul
nephesh (Hebrew #5315)
properly, a breathing creature, i.e. animal of (abstractly) vitality; used very widely in a literal, accommodated or figurative sense (bodily or mental)
KJV usage: any, appetite, beast, body, breath, creature, X dead(-ly), desire, X (dis-)contented, X fish, ghost, + greedy, he, heart(-y), (hath, X jeopardy of) life (X in jeopardy), lust, man, me, mind, mortally, one, own, person, pleasure, (her-, him-, my-, thy-)self, them (your)-selves, + slay, soul, + tablet, they, thing, (X she) will, X would have it.
Pronounce: neh'-fesh
Origin: from 5314
is precious
yaqar (Hebrew #3365)
properly, apparently, to be heavy, i.e. (figuratively) valuable; causatively, to make rare (figuratively, to inhibit)
KJV usage: be (make) precious, be prized, be set by, withdraw.
Pronounce: yaw-kar'
Origin: a primitive root
, and it ceaseth
chadal (Hebrew #2308)
properly, to be flabby, i.e. (by implication) desist; (figuratively) be lacking or idle
KJV usage: cease, end, fall, forbear, forsake, leave (off), let alone, rest, be unoccupied, want.
Pronounce: khaw-dal'
Origin: a primitive root
for ever
`owlam (Hebrew #5769)
from 5956; properly, concealed, i.e. the vanishing point; generally, time out of mind (past or future), i.e. (practically) eternity; frequentatively, adverbial (especially with prepositional prefix) always
KJV usage: alway(-s), ancient (time), any more, continuance, eternal, (for, (n-))ever(-lasting, -more, of old), lasting, long (time), (of) old (time), perpetual, at any time, (beginning of the) world (+ without end). Compare 5331, 5703.
Pronounce: o-lawm'
Origin: or lolam {o-lawm'}
:)

More on:

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Forever,
Redemption,
Soul; Spirit

Cross References

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Ministry on This Verse

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Job 36:18‑19• 18Because there is wrath, beware lest he take thee away with his stroke: then a great ransom cannot deliver thee.
 19Will he esteem thy riches? no, not gold, nor all the forces of strength. (Job 36:18‑19)
• The redemption of the soul is costly, beyond the wealth of the world; God alone can redeem from death. (“Psalms 49” by H. Smith)

J. N. Darby Translation

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8
(For the redemption of their soul is costly, and must be given up for ever,)