Eight effects of God's word in our lives:
1. It produces faith. Faith comes when we hear God's word. (Romans 10:17)
2. It is the seed of the new birth (produces incorruptible life). James 1:18, 1 Peter 1:22-23
3. It produces spiritual nourishment and keeps us healthy. 1 Peter 2:2, Hebrews 5:12
4. It gives mental illumination (not same as worldly education). Psalm 119:130
5. It provides physical healing. Psalm 107:17-20; Prov 4:20-22 (God saves, heals and delivers)
6. Makes it possible to have victory over sin and satan. Psalm 119:9,11;
7. It sanctifies and cleanses us (holiness). Ephesians 5:25-27
8. It is a spiritual mirror. James 1:23-25
Notes from "Laying the foundation: part 2 (Authority & Power of God's Word)"
by Derek Prince.