Psalms 49:8

⁶ They that trust in their wealth, and boast themselves in the multitude of their riches;

⁷ None of them can by any means redeem his brother, nor give to God a ransom for him:

(For the redemption of their soul is precious, and it ceaseth for ever:)

⁹ That he should still live for ever, and not see corruption.

¹⁰ For he seeth that wise men die, likewise the fool and the brutish person perish, and leave their wealth to others.

Do read the surrounding verses too, because the context often says more than a single verse.

Compare

BSB: For the redemption of his soul is costly, and never can payment suffice,
KJV: (For the redemption of their soul is precious, and it ceaseth for ever:)
WEB: For the redemption of their life is costly, no payment is ever enough,
ASV: (For the redemption of their life is costly, And it faileth for ever;)
DARBY: (For the redemption of their soul is costly, and must be given up for ever,)
BLB: For costly [is] the ransom of their soul, and it shall cease forever,

ÅB: - for deres livs utløsning er for dyr, og han må avstå derfra til evig tid -
OTB: For deres sjels forløsning er uten pris,
Og de bør slutte å forestille seg det for alltid—
B1930: - for deres livs utløsning er for dyr, og han må avstå derfra til evig tid -

Matthew 16:26
For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?
Read in context
Job 36:18–19
Because there is wrath, beware lest he take thee away with his stroke: then a great ransom cannot deliver thee.
Read in context