Romans 3:23-24 AMP
[23] since all have sinned and continually fall short of the glory of God, [24] and are being justified [declared free of the guilt of sin, made acceptable to God, and granted eternal life] as a gift by His [precious, undeserved] grace, through the redemption [the payment for our sin] which is [provided] in Christ Jesus,
There is a conclusion that is not subject to any debate or contention, and that is the fact that all of us have sinned. It has nothing to do with race, culture, language, or inheritance, but from our shared human connection to the first man created by God. As all men are born of woman through the process of conception as well as gestation, we all inherit whatever it was that Adam and Eve inherited when they fell into sin in the Garden of Eden. As they could not find their way back to God without His help, so also can we not find our way back to God without His help today too. This is an understanding we all must have and start from, if we would take hold of all that God has made available for us.
The same place where man first sinned was also the same place were God's divine plan of redemption, sanctification, and justification was laid out. I note that all the three benefits listed here are all part of the same package. You do not get one without the others. We were the ones who sinned, and the ones who should have been punished, but it would have meant certain death and eternal separation from God. This is why God’s principle of substitution paid the price that was demanded by the same God for sin. Reflect on the fact that even though His Son was involved, God still did not waive the price; it had to be paid.
This ought to make me fear God the right way. If He had not stepped in, I would not be here. By the sacrifice of Jesus, I am declared free of the guilt, burden and weight of sin. I am made acceptable to God, because it is no longer I who comes to claim righteousness, but I come in the name, and under the banner of the One who stood in my place. When God sees me, He sees the Son who took my place and now, I have access to the full riches of God's grace. There is eternal life for me now, and I know that though I do not yet have it in its fullness and reality, it has been sealed by blood, and it will be delivered when Jesus returns in His glory, or He calls me home.
This is the reality of who I am now. The price was paid, the deal was signed, sealed and delivered to me. This is where I need to step into the place that had been prepared for me, step up into the assignment that has been given to me, and step out as His light into the world in which I have been placed. All that God did for me has an earthly and eternal purpose: show off the benefits of God's grace on earth and attract men to His light, and also take hold of the inheritance that Jesus has sealed for me by His death and resurrection. I stand to gain both here on earth as well as in heaven. That is the full package on offer: God has done His bit; how do I respond? Eternity hangs on my response. God's time of favour is here.