"And with great power gave the apostles witness of the resurrection of the Lord Jesus: and great grace was upon them all." (Acts 4:33)
The apostle Peter observed that believers are to be ministering our "gift" to one another as "good stewards of the manifold grace of God" (1 Peter 4:10). The words for "gift" and "grace" are very closely related. "Grace" is the most frequent translation for the Greek word charis, and charisma is most often rendered "gift."
"The working of his mighty power" (Ephesians 1:19) appears to be "the manifestation of the Spirit" (1 Corinthians 12:7) displayed among God's people by means of the gifts that the Holy Spirit has graced us with. Paul's ability to minister was "according to the gift of the grace of God given unto |him, Paul| by the effectual working of his power" (Ephesians 3:7).
Thus, when we preach the gospel, we are using "the power of God unto salvation" (Romans 1:16). When our lives radically change in response to the "new man" created in us by God, we do so by "the grace of our Lord" which is "exceeding abundant with faith and love" (1 Timothy 1:14). When we access the strength to rise above our infirmities or difficult circumstances, we experience that the Lord's "grace is sufficient for thee…. Most gladly therefore will I rather glory in my infirmities, that the power of Christ may rest upon me" (2 Corinthians 12:9).
"And this I pray, that your love may abound yet more and more in knowledge and in all judgment; That ye may approve things that are excellent; that ye may be sincere and without offence till the day of Christ. Being filled with the fruits of righteousness, which are by Jesus Christ, unto the glory and praise of God" (Philippians 1:9-11). HMM III