God promises that I am saved from His wrath, reconciled to God, being justified as a gift by His grace through the redemption which is in Christ Jesus (Romans 3:24 & 5:9-10). Having been justified by His blood, I have obtained an inheritance as His adopted child (Ephesians 1:5 & 1:11). Through Christ’s blood, He cancelled out the certificate of debt (punishment legally due for my sin) consisting of decrees against me, having nailed it to the cross (Colossians 2:14).
He has now reconciled me in His fleshly body through death, in order to present me before Him, holy and blameless and beyond reproach (Colossians 1:22). God has credited me with His righteousness and therefore considers me to be holy (2 Corinthians 5:21 & Ephesians 1:4). And having been justified by faith, I now have peace with God through our Lord Jesus Christ (Romans 5:1).
(Excerpted from “Free from the Power of Sin: The Keys to Growing in God in Spite of Yourself”)