1 Peter 1:6-7

In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ  -- 1 Peter 1:6-7 NKJV

Another thing I enjoy doing in my free time is looking up the original greek text and comparing that to the modern version of the bible. Its always interesting to see the result. Sometimes it gives you a better understanding of what the author intended to say. 

Here's the Greek: 

Ἐν ᾧ ἀγαλλιᾶσθε, ὀλίγον ἄρτι, εἰ δέον ἐστίν, λυπηθέντες ἐν ποικίλοις πειρασμοῖς, ἵνα τὸ δοκίμιον ὑμῶν τῆς πίστεως πολὺ τιμιώτερον χρυσίου τοῦ ἀπολλυμένου, διὰ πυρὸς δὲ δοκιμαζομένου, εὑρεθῇ εἰς ἔπαινον καὶ τιμὴν καὶ εἰς δόξαν ἐν ἀποκαλύψει Ἰησοῦ χριστοῦ·

That is from the majority text and is transliterated as:

En ho agalliasthe oligon arti ei deon estin lypethentes en poikilois peirasmois hina to dokimion hymon tes pisteos polytimoteron chrysiou tou apollymenou dia pyros de dokimazomenou heurethe eis epainon kai doxan kai timen en apokalypsei lesou Christou

I'm going to break down verse 6 into detail.

En : In, on or among

Ho: Who, which, what, that

Agalliasthe: exult, you are full of joy

Oligon: small, brief, few

Arti: now, just now

Ei: If

Deon: necessary, inevitable

Estin: exist, you are

Lypethentes: pain, grieve, vex

En: In, on or among

Poikilois: various, different colors

Peirasmois: trial, testing, temptation

In which you are full of joy, briefly right now, if necessary you are pained by various trials.

In the dictionary:

Joy: feeling of great pleasure and happiness

Briefly: for a short time

Necessary: required to be done

Pained: hurt or troubled

Various: different kinds

Trials: A test of the qualities of someone

So We could take all that and determine that 1 Peter 1:6 means:

In which you are full of happiness, for a short time right now, if it needs to be done, you are troubled by different kinds of tests of your character

Side-note: Notice that they were full of happiness even though they were going through troubling tests? Also, the testing was only for a short time. Testing is meant to make you a better person not to make you so discouraged you fall apart. They had the strength of God to keep them happy. It also says if needed. Sometimes in order to grow as a person we need troubling things to happen to us. I wish it wasn't that way but it is. 

But the lesson is that God is always with you to give you happiness, God wants the very best for you and he's not afraid to put you through tests and troubling days to help you reach that. But, he's not a mean God, he only makes it last for a short time.

Stay tuned for verse 7 ;)