A Greek Word Study- Expecting Confidence; Freedom to be a Slave in Love

Galatians 5:5 & 13

"For we through the Spirit wait for the hope of righteousness by faith."

Wait for: To expect fully.

Hope:  (to anticipate, usually with pleasure); expectation or confidence.

Righteousness: Equity (of character or act);  justification. 

Faith:  Persuasion, i.e. credence; mor. conviction (of religious truth, or the truthfulness of God or a religious teacher), espec. reliance upon Christ for salvation; constancy in such profession; the system of religious (Gospel) truth itself.

This verse stood out to me this morning. In my day to day life, am I expecting the confidence that comes thru justification by my faith/reliance on Jesus?  I'm still trying to grasp what all this verse is saying and how it applies. What could be another way to express this verse? If you have thoughts, feel free to comment.  

"For, brethren, ye have been called unto liberty; only use not liberty for an occasion to the flesh, but by love serve one another."

Liberty: Freedom 

Flesh: Flesh (as stripped of the skin), i.e. (strictly) the meat of an animal (as food), or the body (as opposed to the soul [or spirit], or as the symbol of what is external, or as the means of kindred) or (by impl.) human nature (with it's frailties [phys. or mor.] and passions), or (spec.) a human being (as such).

Serve: To be a slave to (lit. or fig., invol. or vol.).

This is so, so good. Literally be a slave to one another in love. This is convicting. How many of us actually do this?

And then the finishing touch:

"For all the law is fulfilled in one word, even in this; Thou shalt love thy neighbor as thyself." Gal. 5:14