How do we live by the law in light of the gospel?

Living by the law in light of the gospel means understanding that while the law reveals God's character, we are not saved by our adherence to it. Instead, as stated in Romans 8:3-4, Christ fulfilled the law for us, and we are called to live in the Spirit, led by Him in obedience. The law serves as a guide pointing us to Christ, who enables our inner transformation. Thus, we follow Christ not as a means to earn favor, but as our life and our rule of life, demonstrating the principles of the gospel through love and obedience manifested in our lives.