2 Corinthians 5:21
For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.
It is important as a believer in Christ to fully understand and have revelation in your heart of what the blood of Jesus accomplished for you, if you want to be a partaker of what Jesus purchased for us. But something that is just as important and even more so is understanding what the blood of Jesus accomplished in you as well. This is an area where many fall short. Let me explain from the above verse of scripture.
Jesus was made to be sin by shedding His blood on the cross so that everyone who is truly born again would be made the righteousness of God in Christ Jesus. That simple truth means that one who has repented and made Jesus the Lord of their life now has right standing with God. Another word we see in scripture for this is the word justified. His shed blood cleansed us from the old spirit man within and made us brand new. When this happens you are now right with God because you have become a son or daughter of God.
When you are made right with God you now have rights as a child of God. You become an heir of God and a joint heir with Jesus. As His child if you understand who you now are, you begin to realize what now belongs to you. When God looks at you He sees this new inward person who is in right standing with Him. We need to wake up to this reality and begin to see ourselves as God sees us. This will not only change how we live, but how we look at the promises of God. Every promise is now available to us because of who we have become, a child of God who is in right standing with Him.