"By faith Jacob, when he was dying, blessed each of Joseph's sons, and worshiped as he leaned on the top of his staff. By faith Joseph, when his end was near, spoke about the exodus of the Israelites from Egypt and gave instructions concerning the burial of his bones." NIV translation
In Genesis 15, God had promised Abraham that his children would inherit the land of Canaan. Now, we see that this faith in God continues in the family line as both Jacob and Joseph held to this promise even while they were ready to die. Not, only did they hold on and wait to die but they also made plans for the day that it would happen even though they knew that they would not see its fulfillment with their own eyes. This is a picture of the believer, today, that trusts in the fact that Jesus said He would come back to get us even if it is from a temporary grave.
"By faith Moses' parents hid him for three months after he was born, because they saw he was no ordinary child, and they were not afraid of the king's edict." NIV translation
By faith, Moses' parents disobeyed the king of Egypt by keeping their son hidden. Even though they could have paid with their own lives, they trusted God as they knew that they were doing the right thing.
"By faith Moses, when he had grown up, refused to be known as the son of Pharaoh's daughter. He chose to be mistreated along with the people of God rather than to enjoy the fleeting pleasures of sin." NIV translation
The young Moses made a choice to be identified as a child of God rather than a child of an earthly queen. He could have taken the easy way and enjoyed the good life in the palace while waiting for God to fulfill His promise of delivering His people. Instead, he put his faith in action. As Christians, we all have that same kind of choice. We can rest in our faith and enjoy the things of this world while waiting on Jesus' return or we can have an active faith.
"He regarded disgrace for the sake of Christ as of greater value that the treasures of Egypt, because he was looking ahead to his reward." NIV translation
As the heir to the throne in Egypt, Moses would have inherited a vast earthly wealth but he gave that up to be identified as one of God's people. Looking back, we can see that it was a pretty easy choice but we have all the history of Israel at our fingertips with our Bibles. Moses did not have a Bible and Israel did not have a long history yet.