The document discusses the blessings and responsibilities of living according to the gospel. It says that living the gospel means living a life of continuous repentance and faith by preaching the gospel to yourself daily. True repentance deals with sins and their underlying causes, while false repentance only seeks temporary relief. The gospel transforms us from being spiritually dead, enslaved to sin, and under God's wrath, to being chosen, forgiven, and made alive in Christ.