Ephesians 1:7 AMPC
[7] In Him we have redemption (deliverance and salvation) through His blood, the remission (forgiveness) of our offenses (shortcomings and trespasses), in accordance with the riches and the generosity of His gracious favor,
As is always the case, context is important here. Paul, writing to the church in Ephesus, introduced himself as an apostle of Jesus Christ, by the divine will of God, and sent to those who had been consecrated and set apart as God's chosen ones in that church. One of the reasons why this context is important is because of the history of both parties mentioned. Paul had an interesting past; he did not always serve God this way, but initially, in ignorance, he persecuted those who believed in Jesus. He had an encounter with this same Jesus, and his life never remained the same since then. Like Paul, we need that personal encounter too.
Paul's conversion took him to the Gentiles, and one of such places was Ephesus. This was a town steeped in idolatry; there were gods of all sorts, and there was even a temple of Artemis. There was also strong opposition to the gospel of Jesus, and plenty of false teaching to address. At some point in time, Paul had to leave the young man Timothy in Ephesus, so he could teach the truth and also challenge all the false teachings gaining ground in the city. That was the context in which the verse above is placed. Here was a town that did not know Jesus, but by the ministry of Palu, people like Timothy came to know and serve Christ.
The standard and expectation of God have not changed. He is still looking for people who would come to the right place, and for the right help to live right and please God. The start point for a life that will impact for God nust start from the foot of the cross. There is no argument that can beat the need for the salvation of the soul. I can decide to pull religion and be full of just activities, but it will not take me anywhere. The good news is that even Jesus us invested in my eternity, and that is why the cross has been given to me free of charge. At the time He died, I did not even know I needed help, but He paid it ahead so I could walk into it.
It is IN Him that we have all these, not outside of Him. If He does not give it, I cannot force it out of Him. I must remind myself not to believe the lies of the devil, who seeks to kill, to steal, and to destroy. The One who calls me His own has secured eternal life for me. He does not do part-time salvation; it is full and free as soon as I confess to Him, forsake my sin, and depend on Him for help. By virtue of this remission of sin, and by the reach of the riches and generous grace and favour available to me because of my faith in Jesus. I cannot fake it; I cannot pretend to have Him. My life will show the quality of the depth in me. Do you have Him? Do I? God's time of favour is here.