The first part of God's statement shows he is kind. These are behaviors we should try to mimic. We should be slow to anger and rich in kindness. We should be forgiving. The second part of the statement shows he does also demand respect for if we go against him, he will punish the wicked.
God wants us to pursue a life devoted to and living for Him. I strive to go to church every weekend to be with God, and to bring my children with me. So that they may see my relationship with God. I strive to teach my children about God and Jesus, so they can develop their own relationship. I pray I am teaching them well.