5  For He foreordained us (destined us, planned in love for us) to be adopted (revealed) as His own children through Jesus Christ, in accordance with the purpose of His will [because it pleased Him and was His kind intent]–6  [So that we might be] to the praise and the commendation of His glorious grace (favor and mercy), which He so freely bestowed on us in the Beloved.7  In Him we have redemption (deliverance and salvation) through His blood, the remission (forgiveness) of our offenses (shortcomings and trespasses), in accordance with the riches and the generosity of His gracious favor,8  Which He lavished upon us in every kind of wisdom and understanding (practical insight and prudence),

God planed for me long ago to be adopted as His own child through Christ.  He did this because it pleased Him. Because of his favor and love, we are made whole through what Christ did on the cross. God desires to lavish (using great amounts of, without limit) upon us in EVERY kind of wisdom and understanding. He desires to give us wisdom and understanding.