You can either pick out a lesson you learn from the verse, then back it up with other scripture. Or you can simply explain some way this verse has affected your walk with God.
What we're trying to do is simple: look deeper into God's word, trying to understand him better.
And since that is our ultimate goal, I suggest a few study tools: a Bible, common sense, and prayer.
For example, verse eight seems to suggest that God gives us faith, it's not something from human origin.