A good reason for this regard: “Knowing that you also have a Master in heaven.You who are masters of others have a Master yourself and are servants of another Lord. You are not lords of yourselves and are accountable to one above you.

But Paul warns the Colossians, that as called Christians they are to serve as Christ served.  V.25 anyone who does wrong will be paid his dues because He (God) doesn’t play favorites.”  This takes us back to 3:22 we serve “……with sincerity of heart because of your fear of the Lord”

The 5th commandment is the first commandment with promise (Eph. 6:2), this is an explicit promise appropriated to it, namely, “that it shall be well with them, and they shall live long on the earth”. God is saying that loyal children are the most likely to prosper in the world and enjoy long 

Christ is the example!  To "walk" in love, is not merely to talk of it, but to exercise it; and to do all that is done for God, and Christ.  The example to be copied after “is Jesus’ love for the Church”.

What Paul is teaching these Colossians is that Scripture should saturate every aspect of the believer’s life and control every thought, word and deed.  Psalm 119:11; David tells the Lord. “Your word I have hidden in my heart, That I might not sin against You.”  

Paul is expounding, upon how the nature of our existence now is to reflect Christ and His love toward others.   …..Forgive each other. If you have something against someone, forgive him.”  After all, hasn’t Jesus Forgiven us of all of our stupidness.

These Colossians we’re in the very early stages of their Faith walk with Christ. Maybe better put as very immature!  They were struggling with exactly, the same mind set as to what Jesus, is explaining to Nicodemus.  John 3:4 4 “What do you mean?” exclaimed Nicodemus. “How can an old Codger like me go back into his mother’s womb and be born again.” 

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So kill your earthly impulses: loose sex, impure actions, unbridled sensuality, wicked thoughts, and greed (which is essentially idolatry).  It’s because of these sins that God’s wrath is coming [upon the sons and daughters of disobedience],

“ Set your mind on things above, not on things on the earth.” Whereas heaven and earth are contrary one to the other, and a supreme regard to both is inconsistent; and the prevalence of our affection to one will proportionably weaken and abate our affection to the other.

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I would submit to you, If you’re not dying daily, “from the basic principles of the world” or you could say “the basic principles of Self”. Most likely you’re not growing, therefore, your intimacy, with God is stymied and like the Colossians you are not hearing from the Holy Spirit as to what the Spirit is teaching.