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If a person is saved by faith alone, the demons will be saved because they believe and tremble (James 2:19). The cowardly Jewish rulers who would not confess Jesus for fear of being put out of the syngogue would be saved because they believed on him (See John 12:42).
Just think of faith as including obedience to the commands of Jesus. When Paul says being justified by faith (Rom. 5:1), he obviously is talking about saving faith. James says that saving faith produces works of obedience (James 2:14-26). Therefore Paul is saying that by a saving faith that causes us to obey God in everything we are justified. As I have pointed out it is at the point of baptism that our faith saves us. Jesus said, "He that believeth and is baptized shall be saved" (Mark 16:16). If Jesus had said, He that believeth and is baptized shall receive a new Cadillac, would you understand that to get the car you would need to demonstrate your faith in baptism. You would not go to Jesus and say, I believe, give me the Cadillac and I will be baptized to show that I've got it. Please give this some serious thought -- He (that includes us all) that (1) believeth and is (2) baptized shall be (3) saved (Mark 16:16). The salvation comes after and not before the baptism. That is inescapable and is why I know that the saving faith of Romans 5:1 includes obedience to the Lord's command to be baptized to way away sins (Acts 22:16).
Thank you again for your comments. Jesus is Lord and will only save those who obey him.