Our Devotion comes out of 1 Peter 1:18 which says, But with the precious blood of Christ, as of a lamb without blemish and without spot. Again, we see the precious blood of the Lamb by which we were redeemed.
This is an argument for holy living in light of all that God has done for us. The word, redeemed means to be ransomed. Today that word means very little to us because slavery is, for the most part, outlawed. However, in Peter's day, slavery was an everyday thing. It is estimated that the population of Rome consisted of about sixty million slaves.
There were only two ways in which a slave could buy his freedom. A person could either save the money and purchase his own freedom or someone could do it for him. Certainly the event of redemption meant a lot more then than it does now.
Moses continually reminded the Children of Israel that they were once slaves. He said in Deut. 5:15 Remember that you were slaves in Egypt and that the LORD your God brought you out of there with a mighty hand and an outstretched arm. Therefore the LORD your God has commanded you to observe the Sabbath day.
Paul also reminded us in Titus in Titus 3:3 For we also once were foolish ourselves, disobedient, deceived, enslaved to various lusts and pleasures, spending our life in malice and envy, hateful, hating one another.
Like the slaves of Rome, we were unable to redeem ourselves, so Christ did it for us! In response, we owe him everything.