[You have these qualities] because of the hope stored up for you in heaven, which [hope] you previously heard about through the message of truth when the Gospel

[This happened when you were] buried with Christ in [the act of] immersion, from which you were also raised up with Him through [your] faith in the accomplishment of God, who raised Him up from the dead.

And when you were [spiritually] dead because of your sins and your lack of being physically circumcised [Note: This refers to their having been unconverted Gentiles and therefore outside of a relationship with God], God made you alive [again] together with Christ, having forgiven us for all of our sins.

[So], when Christ, who is your [or, "our" source of] life, appears [i.e., at His second coming], then you people also will appear with Him in splendor [i.e., in heaven].

You people also once lived like this when you practiced these things.

You slaves should obey your earthly masters in everything, [and] do not do it just when they are looking [at you], or to gain their favor, but do it with a sincere heart, out of reverence for the Lord.

And when this letter has been read to you people, see that it is read in the church of the Laodicians also. And see that you read the letter [coming] from Laodicia also. [Note: This could have been a reference to the letter to the Ephesians].