Can you help explain the significance of the 4 pillars and 5 elements, please?

Four Pillars: Year of Bingshen, Month of Wuxu, Date of Renzi and Time of Renyin

The four pillars indicate that you are smart. You could be an official or businessman. You have gain and loss in your early life. When you are in your middle age, you may have some serious difficulties. However, you get survive and finally establish your own business.

You have one gold, one wood, 3 water, 1 fire and 2 eart elements. When you find your life partner, you may find someone whose element is gold. Then you can be successful. Those whose elements are earth and water are incompatible. Of course, you should choose someone whose zodiac sign is compatible with you. However, do not forget about their elements.