FAITH ALONE?

I continue to debate with my friend about Free Grace Theology - the extreme version of "once saved, always saved" which maintains that faith is mere mental assent to the proposition that Jesus died for your sins. And once that is established, you have a salvation that can never be taken away from you. Even if you spend the rest of your earthly life living like the devil, heaven is guaranteed by your single profession of faith. 

From what I can gather, one of the central tenets of Free Grace is a firm, clearcut distinction between justification and sanctification.

Justification, of course, comes first and is based on faith alone. It is your ticket to eternal life. "Just believe in the Lord Jesus and you will be saved."

Sanctification is a completely separate process where the believer now moves toward Christlikeness.

At least, preferably.

Not NECESSARILY, just preferably.

And if you think of it, if you believe in "once saved, always saved", sanctification can't be a requirement for a believer's salvation because sanctification in an ongoing process which obviously involves "works".

And works cannot be a part of salvation. 

Right? 

"We are saved by faith and not by works." Isn't this what we Protestants are taught?

But while Protestants are big on salvation by "faith alone", you know what is funny?

There is only ONE time in the entire Bible where you find the phrase "faith alone".

It is in James 2:24:

"You see that a person is justified by works and not by faith alone."

Hmmmm. 

That's a bit problematic, isn't it?

[To be clear, I'm not implying Catholics are necessarily on the right path with their doctrines. I think both sides tend to make a lot of assumptions about the core of Christian faith and those assumptions are based on the accumulation of centuries of reactionary theology which has been alternatively skewed and then recovered.]