(1) It gives us joy and peace.
Romans 15:13 Now may the God of hope fill you with all joy and peace in believing, that you may abound in hope by the power of the Holy Spirit.
Romans 5:2 .. through whom also we have obtained our introduction by faith into this grace in which we stand; and we exult in hope of the glory of God.
(2) It gives us protection.
Psalm 33:18 Behold, the eye of the LORD is on those who fear Him, On those who hope for His loving kindness,
(3) It gives us strength, courage, boldness.
Psalm 31:24 Be strong, and let your heart take courage, All you who hope in the LORD.
(4) It gives us endurance, comfort, confidence in the face of death.
1 Thessalonians 4:13 But we do not want you to be uninformed, brethren, about those who are asleep, that you may not grieve, as do the rest who have no hope.
(5) It gives us confidence in ministry.
1 Timothy 4:10 For it is for this we labor and strive, because we have fixed our hope on the living God, who is the Savior of all men, especially of believers.