As we begin to tap into the limitless depths of God's love for us, as our perception of Him begins to change, so our perception of ourselves begins to change as well. In grasping the incredible free grace of God that is there for our taking, we realize that, to Him, we are not a bunch of useless, unlovable, invaluable, unwanted trash. Even in spite of our many faults and failings, God views us as being beautiful. We possess dignity and potential. In the eyes of God we are, as the British poet John Milton put it, "majestic, though in ruins."
Each of us is perfectly imperfect. Where we see nothing but the badness, God see possibilities. While He knows about our weaknesses and is aware of our need, He sees what we can become. In His eyes, we are worth everything.
Because the beauty of the Gospel is this: Christ takes the rubble of our lives and doesn't simply put a patch on things and ask us to learn how to deal with the mess inside of us...He tears down the leaning walls, clears up the piles of debris, and begins to build a new structure on the ruins of the old. Unlike the fickleness of humankind, He sees us as being made in His image. Lovable, though fallen. If we belong to God, we may be displaced at times, but never disowned. We may fall, but never fall away. When God, upon the act of salvation, accepts us into the beloved of His family, our adoption is secure. He values us more highly than we will ever know or deserve. And the reason He can understand and relate to us in this manner is that He is fully of aware of every little aspect about us. He experienced what we experience. He was rejected by others (Isaiah 53:3); He was acquainted with grief (Isaiah 53:3); He was tempted, yet without sin (Hebrews 4:15; Matthew 1:1-11). Hebrews 4:15 states that we do not have a God who is "unable to sympathize with our weaknesses." Because He was forsaken, we are forgiven. Because He condemned, we are accepted. Because He died, we can be made alive.
What gives our lives value is that God has done everything for us. He owes no man anything, and yet we owe Him all. How He sees us is what matters.