God promised Abraham of the inheritance he is going to receive. God promised Israel of the inheritance of the promised land that they are going to receive. God has always promised an inheritance to His people in the Bible, as a way of His loving assurance. All of His promises of inheritance are realized in Jesus Christ, and this itself is worth pondering over, for our entire life.
How do you view your relationship with Christ? Do you relate yourself to Him as a sinner or as a saint? If you relate to Him as a sinner then you’re unlikely to experience the joy of forgiveness: justification, adoption (into God’s family), and the certainty of eternal life. However, relating to Christ now as a new creation (saint) also does not negate the fact that you’re a sinner. In this passage, we learn what kind of identity we are given in Christ and the implications of that in our daily lives.