(Lake Michigan; Pentwater, Michigan)
In 1970 (yikes!) I became a follower of Jesus. I was twenty-one. (Now, you do the math.)
One of the first books recommended to me was Dietrich Bonhoeffer's monumental The Cost of Discipleship. I didn't understand it all at the time. But I did understand Bonhoeffer's distinction between "costly grace" and "cheap grace." It reminded me of the apostle Paul, when he wrote, What shall we say, then? Shall we go on sinning so that grace may increase? By no means! We are those who have died to sin; how can we live in it any longer? (Romans 6:1-2)
Eric Metaxas, in his biography of Bonhoeffer, argues that the Lutheran Church's drift into cheap grace was a factor in allowing Hitler to come to power. (See Metaxas, Bonhoeffer: Pastor, Martyr, Prophet, Spy; see also Tim Keller's Foreward.)
Cheap grace means "going to church and hearing that God just loves and forgives everyone, so it doesn’t really matter much how you live." Anyone who self-refers as a follower of Jesus and believes that has drifted into heresy.
Tim Keller writes that, today, we live in an age of cheap grace. "Many Christians want to talk only about God’s love and acceptance. They don’t like talking about Jesus’ death on the cross to satisfy divine wrath and justice. Some even call it “divine child abuse.” Yet if they are not careful, they run the risk of falling into the belief in “cheap grace”—a non-costly love from a non-holy God who just loves and accepts us as we are. That will never change anyone’s life." (Foreward to Metaxas.)
Two good reads on the meaning of 'grace' are...
Philip Yancey, What's So Amazing About Grace?