The way I currently do my daily quiet times and study the Bible is by using the acronym S-O-A-P. I keep a journal on the computer. I used to use a note book to do it, but since I travel so much and since my computer is always with me, it's easier to just type it in. In my journaling, I use the SOAP acronym to help me organize my thoughts.
S - Scripture.
I go through the entire Bible in nine months and the Bible reading program I am using helps me keep track of what passages I am to read and study that day. You can find these pretty easily on the web.
Here are some sites you can check out.
As I am reading, I simply write down the Bible passages or words that jump out at me.
O - Obervation
This is the section where I ask myself, why did these words or this passage make an impression on me? What is God trying to say to me? What am I supposed to "see" or learn from these passages?
A - Application
What is God asking me to do?
P - This is my prayer section. I write out my prayers because I find that this helps me to concentrate better than if I were to just sit and pray. But this is the time where you are communicating with God about what is going on in your day and what God is showing you.
I will share in the days to come about different ways to study the Bible and have a daily quiet time.
Why not start today to begin the greatest habit you can ever start?