You left out the part where Peter says just how powerful,
permanent, valuable and genuine THIS faith is though:
1 Peter 1:7 (LEB) so that the genuineness of your faith, more valuable than gold that is passing away, but is tested by fire, may be found to result in praise and glory and honor at the revelation of Jesus Christ,
I wonder why.
6 In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, 7 that the genuineness of your faith,
being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ, 8 whom having not seen you love. Though now you do not see
Him, yet believing, you rejoice with joy inexpressible and full of glory, 9 receiving the end of your faith—the salvation of
your souls. 1 Peter 1:6-9
We are certainly living in the time where we will see our faith tested through persecution, from our own Government, then we will know if our faith is genuine, and is able to endure the test... so in the end we will receive the salvation of our souls.
For it is when He comes, and we see Him, in whom we have believed, and He says these words to us...Then the King will say to those on His right hand, ‘Come, you blessed of My Father, inherit the kingdom prepared for you from the foundation of the world: Matthew 25:41
For now, we have salvation by faith.
When the Lord says, Come, you blessed of My Father, inherit the kingdom, to you personally then you will have the salvation of your soul.
In this life, if you turn away, or fall away, or depart from the faith that is the substance of your salvation that you will receive when He comes, then you will not hear those words from Jesus Christ on the Day of Judgement.
Now the Spirit expressly says that in latter times some will depart from the faith, giving heed to deceiving spirits and doctrines of demons, 1 Timothy 4:1
JLB