1. Select a Passage (Usually 3-10 verses, dealing with the same topic.) Why do you want to study this passage? 2. Observe the passage by asking questions
Additional Questions to Ask:
3. What is the "big idea" of the passage-your theme? This can most readily be identified from the commands and the repeated words and ideas. Often there will be one command in the passage with several motivations. In one phrase, sum up the main thought of the passage. 4. Ask the natural question that arises from the "big idea." This will usually be "how," "why," or "what." 5. Answer the question you have raised from the passage. Put your answers in the form of an outline. These answers form principles of life and ministry. A principle is defined as a timeless lesson in the way God works, how you should live or in thinking God's way. To develop each principle (each point in your outline), you will want to explain it (interpretation), illustrate it (from the Bible or personal examples of how this principle is worked out), and apply it. Steps to interpreting the passage. Use as many of the following questions as you need, progressing downward.
6. Application This is where you purpose to do what God has taught you in your time with Him. (Ref: James 1:21-25, Matthew 7:24-27) It is through applying the Word that God changes out lives. Application does not happen by osmosis but by intent. God enlightens us from the Word, we apply what we've learned with our wills, and the Holy Spirit empowers us to carry out these choices. It is usually best to concentrate on applying one principle at a time. The goal of all application is to glorify God by becoming more like Jesus. 2 Timothy 3:16: "All Scripture is inspired by God and is profitable for."
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Source: http://www.godsquad.com/discipleship/inductive.htm
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