The old account is the sinful nature. This was settled a long time ago on the cross when Jesus died and was resurrected. As a born-again Christian, you need not live in the past, a settled account means it is paid in full; nothing overdue, and nothing owed. Everyone who understands this must know that they ought to look forward and not at the things behind. The past is over, there is all newness of life in Christ. "Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things become new" (2 Corinthians 5:17).
James 2:10 For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all. All Gods law was given for us to keep. If we break any of his law we have sinned in all. We must abide in his word, this keeps us from fleshly lust. We can't live to serve the flesh and abide in God at the same time. To serve our flesh is to serve the life of sin. The bible tells us that, to live a life of sin is death, therefore we must turn from our sinful nature, and serve God with all our mind, body, and soul. The bible tells us that if we keep the law we love the Lord our God. All unrighteousness is sin, therefore; we must remain righteous at all times, God called us not to uncleaness but to holiness. The bible tells us to to be as Holy as he is. Living a holy life, keeps us from breaking the laws of God, we have to embrace the fact that we are Kingdom citizens. God kingdom is the beauty of God's holiness shared here on earth among mankind, making earth as in heaven...
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