Scripture:     1 Peter 1:17-20 NLT

17And remember that the heavenly Father to whom you pray has no favorites. He will judge or reward you according to what you do. So you must live in reverent fear of him during your time as “foreigners in the land.” 18For you know that God paid a ransom to save you from the empty life you inherited from your ancestors. And the ransom he paid was not mere gold or silver. 19It was the precious blood of Christ, the sinless, spotless Lamb of God. 20God chose him as your ransom long before the world began, but he has now revealed him to you in these last days.

Observation:

The fact that God, our heavenly Father, judges our lives, creates a most awesome love for Him.  — reverent fear — generated by a new awareness that He has sacrificially paid the ransom for our souls through Jesus.

Observations on this question:  What does this passage reveal about God?
God is our heavenly Father.
God hears our prayers.
God judges our lives.
God rewards us according to the manner of our lives.
God has paid the ransom to bring us into a meaningful life rather than an empty life.
God paid the ransom with the blood of Jesus.
Jesus is the sinless, spotless, Lamb of God.
God chose Jesus as our ransom before the world began.
God reveals Jesus the ransom to those He is calling out.

Application:

As Dietrich Bonhoeffer says, Grace is not cheap:  “cheap grace is the preaching of forgiveness without requiring repentance, baptism without church discipline. Communion without confession. Cheap grace is grace without discipleship, grace without the cross, grace without Jesus Christ.”

The Gospel of Jesus’ grace and the forgiveness His gives me, makes me fully alive to the reality of God and creates a thoughtful, love-generated, awe of God.  God is awesome!

Prayer:

Heavenly Father, you are awesome!  Thank you for the grace of knowing you.  I’m amazed that you paid the price for my freedom.  Thank you for revealing Jesus to me and ushering me into a meaningful and full life.  Give me wisdom for living today.  I give you my life so that you may reveal Jesus to others and give this grace to them.  AMEN.