What are the four gifts of God's grace?

Peter outlines four essential gifts of grace in 2 Peter 1:1-4: saving faith, imputed righteousness, the knowledge of God, and the new birth. Each gift is crucial for salvation and the believer's life. Saving faith is given to each individual God saves, alongside His righteousness, which is credited to us through faith. Knowledge of God enables believers to understand their salvation deeply and grow spiritually. Finally, the new birth signifies a transformation where the believer receives a new nature, becoming a partaker of the divine nature, enabling them to live according to God's will.