⁶ We thank God for His loving-favor to us. He gave this loving-favor to us through His much-loved Son. ⁷ Because of the blood of Christ, we are bought and made free from the punishment of sin. And because of His blood, our sins are forgiven. His loving-favor to us is so rich. ⁸ He was so willing to give all of this to us. He did this with wisdom and understanding.