Each of us possesses a soul, but we do not prize our soul as creatures made in the Divine image deserve, and so we do not understand the great secrets which they contain.
If we don't know in the depths of our being that God calls us "beloved," we need to. And if we do know it, and it hasn't set us on fire, then we don't know it well enough. Take time daily to be alone and silent before God. And an awareness of your utter belovedness will become a reality for you.