Proper way to get page content

I've answered my own question. Call apply_filter and there you go.

<?php 
$id=47; 
$post = get_post($id); 
$content = apply_filters('the_content', $post->post_content); 
echo $content;  
?>

get page content by page name:

<?php
$page = get_page_by_title( 'page-name' );
$content = apply_filters('the_content', $page->post_content); 
echo $content;
?>