[It is] God who saved us and called us to live holy lives [or, "to be dedicated people"], not as a result of our [good] deeds, but in harmony with His own purpose and unearned favor. [This was] given to us through [the atoning work of] Christ Jesus, before the beginning of time. [Note: Salvation through Christ was planned before time began. See Titus 1:2; Rom. 16:25; Eph. 1:4].

However, the solid foundation of God stands firm. [Note: This probably refers to the church. See I Tim. 3:15]. It is sealed with these words [i.e., certifying God's ownership and a commitment to Him]: "The Lord knows those who are His people," [See Num. 16:5], and "Everyone who confesses the name of the Lord should stop practicing wickedness." [See Isa. 36:13].

For the time will come when people will not tolerate sound teaching, but will assemble to themselves teachers who will satisfy what their "itching ears" want to hear.

For I am already being "poured out like a drink offering," and the time for me to leave has come. [Note: Paul here likens the prospect of shedding his blood for the work of Christ to the pouring of wine and oil on an Old Testament sacrifice].