Set all your  hope 
on the grace  that 
Jesus Christ  will bring you 
when he is  revealed. 
1 Peter  1:13
The meaning of this verse is focused past,  present, future, and back to the present.
Past tense: Peter  says, "3 By his great mercy [God] has given us a new  birth into a living hope through the resurrection of Jesus Christ."  
What  has God already given to us: New birth! Living hope! How? Through a  powerful past tense action -- "the resurrection of Jesus Christ from the  dead."
Present tense. Peter says, "8  Although you have not seen [Christ], you love him; and even  though you do not see him now, you believe in him and rejoice with an  indescribable and glorious joy."
Even  though we have not ever seen God visibly, we nevertheless love  him (presently), we believe in him (present tense), and we rejoice with an  indescribable and glorious joy (don't you want more and more of this  in every moment's present tense?!!!).
Future tense: Why can we "13 hope"? Because  Christ will be "13 revealed"!
In 1  Corinthians 13:12, Paul says, "now we see through the glass,  dimly, but [through the second coming (or through our own death and  trip to heaven before the second coming)] then we will see  face to face." 
Back to the Present: Why, then, can we hope --  right now, present tense? We can have hope if and when we "8 believe in him and  rejoice with an indescribable and glorious joy."
Why?  Because in hoping and believing, "9 you are receiving [the present, active]  outcome of your faith, the salvation of your souls."
As  Jesus said to doubting Thomas, "Put your finger  here; see my hands. Reach out your hand and put it into my side. Stop doubting  and believe. Have you believed because you have seen me? Blessed are those who  have not seen and yet have come to believe" (John  20:27,29).
In Christ's  Love,
a guy who wants to go  
Back to the Present
(A movie like that might not  sell
as many tickets as Back to the  Future,
but I want present, active Hope and  Faith)
9 for you are receiving the outcome of  your faith, the salvation of your souls. 10  Concerning this salvation, the prophets who prophesied of the grace that was to  be yours made careful search and inquiry, 11  inquiring about the person or time that the Spirit of Christ within them  indicated when it testified in advance to the sufferings destined for Christ and  the subsequent glory. 12 It was revealed  to them that they were serving not themselves but you, in regard to the things  that have now been announced to you through those who brought you good news by  the Holy Spirit sent from heaven—things into which angels long to look!  13 Therefore prepare your minds for  action; discipline yourselves; set all your hope on  the grace that Jesus Christ will bring you when he is revealed. 14 Like obedient children, do not be  conformed to the desires that you formerly had in ignorance. 15 Instead, as he who called you is holy,  be holy yourselves in all your conduct; 16 for  it is written, "You shall be holy, for I am holy." 17 If you invoke as Father the one who  judges all people impartially according to their deeds, live in reverent fear  during the time of your exile. 18 You know that  you were ransomed from the futile ways inherited from your ancestors, not with  perishable things like silver or gold, 19 but  with the precious blood of Christ, like that of a lamb without defect or  blemish. 20 He was destined before the foundation  of the world, but was revealed at the end of the ages for your sake.  21 Through him you have come to trust in  God, who raised him from the dead and gave him glory, so that your faith and  hope are set on God. 22 Now that you  have purified your souls by your obedience to the truth so that you have genuine mutual love, love  one another deeply from the heart. 23 You  have been born anew, not of perishable but of imperishable seed, through the  living and enduring word of God. 24 For  "All flesh is like grass and all its glory like the flower of grass. The grass  withers, and the flower falls, 25 but the word of  the Lord endures forever." That word is the good news that was announced to you.  
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