I'm not a Methodist, but this is nice:
What does it mean to be saved and to be assured of salvation? It's to know that after feeling lost and alone, we've been found by God. It's to know that after feeling worthless, we've been redeemed. It's to experience a reunion with God, others, the natural world, and our own best selves. It's a healing of the alienation—the estrangement—we've experienced. In salvation we become whole. Salvation happens to us both now and for the future. It's "eternal life," that new quality of life in unity with God of which the Gospel of John speak—-a life that begins not at death, but in the present. But how does salvation happen?
By grace through faith
Salvation cannot be earned. There's no behavior, no matter how holy or righteous, by which we can achieve salvation. Rather, it's the gift of a gracious God.
By grace we mean God's extraordinary love for us. In most of life we're accustomed to earning approval from others. This is true at school, at work, in society, even at home—to a degree. We may feel that we have to act "just so" to be liked or loved. But God's love, or grace, is given without any regard for our goodness. It's unmerited, unconditional, and unending love.
As we come to accept this love, to entrust ourselves to it, and to ground our lives in it, we discover the wholeness that God has promised. This trust, as we've seen, is called faith. God takes the initiative in grace; but only as we respond through faith is the change wrought in us.
This process of salvation involves a change in us that we call conversion. Conversion is a turning around, leaving one orientation for another. It may be sudden and dramatic, or gradual and cumulative. But in any case it's a new beginning. Following Jesus' words to Nicodemus, "You must be born anew" (John 3:7 RSV), we speak of this conversion as rebirth, new life in Christ, or regeneration.
UNEDITED TEXT FOUND HERE.