Does it matter which translation of the Bible I read?

While reading a book recently, a Scripture that was referenced caught my attention (although they quoted it from the New Living Translation). The author of the book quoted the Scripture as one they used in prayer for a wayward child so I immediately grabbed my KJV Bible to mark the Scripture for future prayer times.   But when I turned to Psalm 61:7 KJV, it didn't seem to fit and had a different meaning from the NLT version.

Psa 61:7 KJV - He shall abide before God for ever: O prepare mercy and truth, which may preserve him.

Psa 61:7 NLT - Appoint your unfailing love and faithfulness to watch over him, Lord - keep him close to you!

Upon further research, the quoted NLT reference is different from the current rendition of Psalm 62:7 in the NLT (according to BlueletterBible.org)

Psa 61:7 NLT - May he reign under God’s protection forever.  May your unfailing love and faithfulness watch over him.

I'm not sure when, why, or how the translation changed concerning that Scripture but I find it concerning that they felt the need to change it again at some point.  To me, this shows the inaccuracy and unreliability of other translations of the Bible.

The picture reference above also shows the inaccuracy of other translations of the Bible. Lucifer is not the Day Star (that reference is made to Jesus alone - 2 Peter 1:19). 

There are many more inaccuracies and omissions in these modern and popular translations. Some may appear to be harmless but any time the Word of God is changed inaccurately, there is a danger. 

So, yes, I do believe it matters which translation of the Bible you read.

I am a strong proponent for the Authorized KJV.

I'm so thankful for men of God who still stand and hold to the old paths (my husband being one).  It's not that they're "not with the times" but they see the dangerous path which these trends are leading away from God and godliness.  These men love and care deeply for your souls....that's why they hold so tightly to the old paths.

I feel such conviction within me when i see pictures from other countries.  People in the Philippines are so hungry for God that they'll WALK 3 HOURS to catch a ride for another hour or more sandwiched in cattle trucks.

They're not requiring coffee stations in the vestibule, the best music, polished preaching, etc. They're just hungry....for Jesus.

People in China are being beaten and having their legs broken because they serve Jesus.

We're spoiled in America. Jesus, help us to get our focus back where it needs to be.