The “so what” of being justified by faith is now we have a reason to boast. Paul explains the 3 things we boast about in Romans 5:1-11. The first is hope.
What is the Gospel
Saving faith is the permanent, ongoing trust in God that one day He will free me completely from all the consequences and effects of sin because of the blood of Jesus Christ. Saving faith itself is a gift from God and it involves 4 things.
There are 2 consequences to our sin: 1) We experience death and futility. 2) Our rebellion is wrong and we now owe a debt to justice that must be paid. Justification is the payment of that debt.
Understanding the gospel means we must understand the problem that the gospel solves. While the word gospel means “good news,” understanding the gospel begins with bad news: death.