I wish I had time to expound but this will have to do for now.
Live in hope, live in holiness, live in fear. People tend to ignore our need to live in the fear of the Lord.
Fear God and conduct yourself accordingly because God is a just judge, visiting the sins of the father on the third and fourth generation, but blessing to a thousand generations.
Gods judgment begins with his people.(Psalm 50:16), those who do not conduct themselves rightly, those who forget God will be torn apart.
You have been ransomed at an infinite cost. Creation cost far less to create than to redeem. The renewal of the world was wrought by the self same Word that spoke it into existence. God had to give His son to buy back what was already his.
We so often set our sights on the perishable rather than the precious. We were ransomed in spite of ourselves, (not because of). We should fear to make the blood of Christ common place.
When we don't understand the price of our sin, we will not appreciate Christs blood.