1. Pray. Ask God to give you wisdom in beginning the study. Ask Him to guide you in understanding and applying His Word.
2. Begin with a passage. Ephesians 2:8-10.
3. Read the verses.
(Eph 2:8-10 NASB) For by grace you have been saved through faith; and that not of yourselves, it is the gift of God; {9} not as a result of works, that no one should boast. {10} For we are His workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.
Now read the passage in context. Read chapters 1-3 of Ephesians. Write 2 sentences explaining what the passage means. Keep this broad and simple.
4. Read the same verses in each translation. What are the differences in the translations? Note that in Eph. 2:8-10, the translations are almost identical. This typically means that there is little or no controversy concerning the translation of the Greek/Hebrew into English.
5. Follow cross-references and search for other related passages.
Make a list of references from the study Bible(s), and eliminate the texts not directly related to the topic at Hand.
(Ryrie) Romans 10:14; John 1:12; James 2:17
(Believers) Psalms 145:9, 15; Matthew 5:45; Titus 3:5
(Disciples) Romans 14:7-9
(Scofield) Ephesians 1:1, 3:12; Romans 1:16; Genesis 3:20; Hebrews 11:39
(New Open) 1 Peter 1:5; Romans 3:28; 2 Timothy 1:9; 1 Corinthians 1:29; Titus 2:14; Ephesians 1:4, 4:1
Of the verses above, I have italicized the ones that I think are directly pertinent to the subject. At this point, you could go through the entire process that we’re about to go through with Eph. 2:8-10 (and for some key passages should). For the sake of time, we will not follow that process in this example.
6. Use study aids to determine the meaning of difficult passages or confusing words. In these verses, what does “that” refer to? Is it “grace,” “salvation,” or “faith”? Is it something else? What is the “gift”? Can a gift be given but refused? Who is given the gift?
Read notes in your study Bible. Here are some notes from a few of the Study Bibles that I have:
Ryrie
Vs. 2:8 Salvation is by grace . . . through faith. Faith involves knowledge of the gospel (Rom. 10:14), acknowledgment of the truth of its message, and personal reception of the Savior (John 1:12). Works cannot save (v. 9), but good works always accompany salvation (v. 10; James 2:17).
Believers’ Study Bible
Salvation: Man’s Greatest Possession (see chart).
Grace (charis, Gk.) refers to the beneficial actions of God in which He reveals Himself, His gifts, and to some, His life — all bestowals which grow out of His love rather than any worth or merit of man. In its biblical usage, the term refers to God’s goodness manifested to undeserving man. God manifests “common grace” toward all men because they are His creatures (cf. Ps. 145:9, 15; Matt. 5:45), but the overriding exercise of His grace lies in the provision of salvation in Christ-”not by works of righteousness which we have done” (Titus 3:5). The full sense of the expression “you have been saved” is difficult to capture in English. The Greek perfect tense emphasizes action initiated in the past, the effects of which continue into the present and beyond. Therefore, salvation has a moment of initiation in the past, but the results of that primary experience continue. This is another evidence of the permanence of our salvation, a doctrine which is called the “eternal security of the believer.” Salvation is the general term used to describe all that God does for the believing sinner solely on the basis of the atoning work of Christ. The work of salvation is essentially threefold: (1) The past tense, in which at the moment of faith, God justifies the believer, i.e., declares him to be perfectly righteous before a Holy God, thus freeing him forever from the legal penalty of sin. This is justification, which transpires at the moment of conversion/regeneration. (2) The present tense, which suggests that at the moment of justification the Holy Spirit permanently indwells the believer, affording him the power to resist the still-present Adamic nature, thus potentially freeing him from the power of sin. This is called sanctification, which is movement toward Christlikeness. (3) The future tense, which looks to the time when the believer receives his glorified body at Christ’s appearing. Then he will be forever freed from the very presence of sin, his salvation thus totally consummated. This is called glorification, and is the perfect realization of Christlikeness as glorified humanity.
(vv. 9,10) We are not saved by good works, but we are saved for good works. The word “workmanship” (poiema, Gk.) carries the idea of a “work of art.” The English word “poem” is derived from this Greek word.
Disciples’ Study Bible
2:8-10 DISCIPLESHIP, Conversion–Salvation is God’s work that motivates us to work. Salvation changes us so we will work according to God’s good purpose for us.
2:8-10 CHRISTIAN ETHICS, Moral Imperatives–God’s intention for us has always been that we do good works helping other people. Works do not earn us right standing with God. Works are not done to gain praise from people. Good works are done because faith in Christ has made us new creatures whose very nature is to do God’s works.
2:8-10,19-20 FAMILY, Accepted Grace–Through acceptance of God’s grace offered through Jesus Christ, family members enter into the household of God with Christ as the cornerstone. Paul continually affirmed the lordship of Christ as the foundation upon which the home is built (see note on 5:21) just as He is the basic center of personal life (Ro 14:7-9).
2:8-9 EVANGELISM, Call to Salvation–This pivotal passage sets forth in terse fashion God’s way of salvation in Jesus Christ. Grace and faith are God’s free gifts in Christ. We cannot exercise faith and thus receive by grace God’s salvation except by God’s mighty work through the Holy Spirit in our lives. That is why God’s grace in salvation is often called “free grace.” It all comes from God and His effectual call to salvation.
Scofield
See Eph 1:1, note
See Rom 1:16, note
7. What was the original intent of the writer? What did God intend for us to understand about His Grace through these words?
8. What do others think these verses mean? Are there multiple interpretations of these verses that are valid?
9. Ask others around who what they think about these verses.
10. Pray again that you clearly understand what God is teaching you about these verses.
11. With your understanding of Grace and Salvation as it is taught in these verses, how can you apply the truth of salvation by grace, through faith to your life today? How does this understanding affect your personal view of your own salvation and your own evangelism? What good works has God prepared for you?
Audio, Part 1 of 2: http://www.agapex.com/mq/pod/index.php?id=12
Audio, Part 2 of 2: http://www.agapex.com/mq/pod/index.php?id=13