Passage
Let the word of Christ dwell in you richly; in all wisdom teaching and admonishing one another with psalms [and] hymns [and] spiritual songs, singing with grace in your hearts unto God.
Let the word of Christ dwell in you richly; in all wisdom teaching and admonishing one another with psalms [and] hymns [and] spiritual songs, singing with grace in your hearts unto God.
Colossians 3:14 and above all these things [put on] love, which is the bond of perfectness.
Colossians 3:15 And let the peace of Christ rule in your hearts, to the which also ye were called in one body; and be ye thankful.
Colossians 3:16 Let the word of Christ dwell in you richly; in all wisdom teaching and admonishing one another with psalms [and] hymns [and] spiritual songs, singing with grace in your hearts unto God.
Colossians 3:17 And whatsoever ye do, in word or in deed, [do] all in the name of the Lord Jesus, giving thanks to God the Father through him.
Colossians 3:18 Wives, be in subjection to your husbands, as is fitting in the Lord.
The verse centers on "Spirit", "grace", "word", "christ", "dwell", "richly", "wisdom", and "teaching". It is saying that the verse draws attention to "Spirit" and "grace", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 15's "And let the peace of Christ rule..." into verse 17's "And whatsoever ye do in word or...", so "Spirit" and "grace" belong inside that flow. In Colossians context, the local focus is Christ, faith, and discipleship.
A plain takeaway is to answer the verse's own emphasis on "Spirit" and "grace" with trust shaped by these words, not by a vague optimism outside the passage.