President Dieter F. Uchtdorf taught us how we can take steps to better honor the priesthood. He said,

“Let us embrace and understand the wonder and privilege of the priesthood. Let us accept and love the responsibilities we are asked to fulfill—responsibilities in our homes and in our Church units, no matter how large or small they may be. Let us constantly increase in righteousness, dedication, and priesthood service. Let us find the joy of serving in the priesthood!
We can do this best by applying the principles of knowledge, obedience, and faith.

“That means, first, we need to know and internalize the doctrine of the priesthood found in the revealed word of God. It is important for us to understand the covenants and commandments upon which the priesthood operates.

“Next, let us be wise and act upon this gained knowledge constantly and honorably. As we obey God’s laws, discipline our minds and bodies, and attune our actions to the patterns of righteousness taught by the prophets, we will experience the joy of priesthood service.

“And finally, let us deepen our faith in our Lord, Jesus Christ. Let us take upon ourselves His name and commit each single day to walk anew in the path of discipleship. Let our works make our faith perfect. Through discipleship we may be perfected one step at a time by serving our family, our fellowmen, and God. “

2012 October General Conference, The Joy of the Priesthood, Priesthood Session – By Dieter F. Uchtdorf