Remember the context of 1 Peter 4? Peter's talking about suffering. What does suffering usually do to our focus? It keeps our focus on eternity. Suffering makes us long for heaven.
When everything's going well we often feel drawn to this life. When you're driving down the highway to Florida for you dream vacation, and you nearly get run off the road, you say "Thank you Lord for sparing my life. I want go to heaven. But not today. "
When everything's going well, we often feel drawn to this life. Suffering is a tool God allows to wean us from this earth, to fix our eyes on heaven.
When we're suffering, it's a comfort to know that "the end of all things is at hand," that Christ is coming again. And His coming is imminent-it could be any day.
So what do we do in the mean time? How do we occupy til He comes? How can we prepare for the end? Peter gives us four ways.