Soul hun,
My children, up until 6 months ago, were regular members of our local church and they still go everytime they are in Euroa.
The gospel is read then and they listen intently and they can remember it. I believe that with them listening to the bible, it teaches them the way of the church and they way that Jesus(new testament) and the Prophets (old testament) lived their lives.
I was raised in a Catholic household, went to Catholic Primary and Secondary schools and am raising my children to be active members in the Catholic Religion. I may not be the most regular church goer but I know my bible and I know the way that Jesus wanted us to live our lives.
As for reading the bible over and over until I am old? Yes, there are specific parts in the bible that I love and will read over. My grandfather read his bible up until he got very sick. The day he died, he waited until he received Communion and then he slipped away into God's arms.