I think Pastor Tito went through this in his session when he discussed about the gospel. What happens when we experience the gospel. Many things happened in a one time event in our life when we ask Jesus to save us from our sin and transform us.

The gospel is the power of God that justifies us (salvation past), sanctifies us (salvation present), glorify us (salvation future)

Now if I made you more dizzy just watch this video of Pastor Mark Driscoll explaining the gospel. What happens when we receive Christ: