All in Being Consecrated

This morning my devotional reading was on the subject of prayer, thanksgiving, and how their presence leads us to consecration. E.M. Bounds, the author, was very emphatic in his proclamation as he wrote these words: "True prayer and gratitude lead to full consecration, and consecration leads to more and better praying. A consecrated life is a life of both prayer and thanksgiving." So, when we read such things do we truly understand what it means to be consecrated?