Love is patient, love is kind and is not jealous; love does not brag and is not arrogant, does not act unbecomingly; it does not seek its own, is not provoked, does not take into account a wrong suffered, does not rejoice in unrighteousness, but rejoices with the truth; bears all things, believes all things, hopes all things, endures all things.
Let's play a game. This is a well-known way to interpret and apply this passage with a little spin.
Substitute "God" for "love." In 1 John 4 we are told several times that God is love. If these are characteristics of love, they are then also characteristics of God.
In Scripture we are called repeatedly into godliness. Now substitute your name for the word "love" in the passage. Paul tells us to imitate God and Christ, and moreover Christ commanded us to love one another.
In this earthly dwelling, we are seeking to strive to be righteous as God is righteous. A good way to check our progress as we strain to reach this goal is to work towards being able to substitute our names for the word "love" above and see how we match up.