He does want you to love Him. But I think your idea of fear may be different than that verse is referring to. It’s like if you had a great dad. You would be afraid to do bad things either because you didn’t want to get in trouble or because you didn’t want to disappoint him. It’s more of a respect than fear of bodily harm. You would love your dad so much that you made good decisions to please him. That’s the kind of fear God wants us to have. He wants us to love and respect Him enough that we make better choices to please Him. That’s why fear of the Lord is the beginning of wisdom. If we fear Him, we make better choices and are therefore wiser.

Fear should be thought of as respect in that case.

God wants you to be afraid of his punishment as much as he wants you to love him, just like our parents when they threatened to punish us. We were afraid of them too, or else we'd get into all kinds of trouble. Good parents just protect us from ourselves.

That always seemed more like a “reverent” fear to me. Like how if you respect your parents when you’re a kid you’re also a little afraid of messing up, disappointing them, etc.