8 For it is by GRACE [God’s remarkable compassion and favor drawing you to Christ] that you have been saved [actually delivered from judgment and given eternal life] through faith. And this [salvation] is not of yourselves [not through your own effort], but it is the [undeserved, gracious] gift of God;
9 not as a result of [your] works [nor your attempts to keep the Law], so that no one will [be able to] boast or take credit in any way [for his salvation].
(MY NOTE: Vrs 8, By GRACE (undeserved/unmerited/earned favor) are you SAVED (from sins required wage/DEATH) thru FAITH (in Who Jesus is (God the Son) & what He accomplished on the cross. Vrs 9, No boastful personal works involved. Jesus (praise His Name) did ALL the work)
I would like to note some context, and do a translation comparison.
For it is by grace that you have been saved through faith. And that not of yourselves.
Eternal life is the gift of God, not a result of works, so that no one will be able to boast.
Because we are Gods creation created in Christ Jesus for good works,
which God has before prepared that we should walk in them.
Ephesians 2:8-10
In many Bibles we will see "it is" in italics, denoting that it's an added in phrase,
above I have replaced "it is" with "Eternal life", to fit with your translation.
So Paul is saying that we go to heaven regardless of our works, because God created us for good works?
How do you deal with verse 10 in your view?
In Hebrews 10:29 The Holy Spirit is called, "the Spirit of grace".
And in Acts 2:38 Peter says we receive "the gift of the Holy Ghost".
Given that context I feel safe using "Holy Spirit" for "it is" in Ephesians, let us see how that will work.
For it is by grace that you have been saved through faith. And that not of yourselves.
The Holy Spirit is the gift of God, not a result of works, so that no one will be able to boast.
Because we are Gods creation created in Christ Jesus for good works,
which God has before prepared that we should walk in them.
Ephesians 2:8-10
The whole thing fits and makes perfect sense.
We get the Holy Spirit for free by grace, so that we can work.
"I therefore, the prisoner of the Lord,beseech you that you walk worthy of the calling wherewith you have been called"
Ephesians 4:1
Indeed the rest of the book starting from chapter 4 is generally a literal list of rules.
It simply can not be that Paul was saying that there are no rules to follow.
Not by works of righteousness which we have done,
but according to His mercy
He saved us,
by the washing of regeneration, and renewing of
the Holy Ghost;
Which He shed on us abundantly through Jesus Christ our Savior;
Titus 3:4-5
Of how much worse punishment suppose ye
shall he be counted worthy,
who has trodden down the Son of God
and has counted the blood of the covenant
wherewith he was sanctified, and unholy thing,
and has insulted the Spirit of grace?
Hebrews 10:29
You have been bought with a price,
therefore glorify God in your body and in your spirit which are Gods.
1 Corinthians 6:20
You are the temple of God, the Spirit of God is in you.
If anyone defiles the temple of God, him will God destroy,
because the temple of God is holy, which temple you are.
1 Corinthians 3:16-17