Actually, the phrase "ready to be revealed" may refer to the power of God instead, due to the grammar of the phrase. It could also refer to the inheritence. This is a weak prooftext, especially in comparison to the verses that specifically say, "have been saved," indicating completeness.
I am not arguing that there is not a real sense in which we "have been saved." I think the word "saved" is often used to mean "justified", and our justification (in the legal sense of the word) is certainly complete or finished.
But the word "salvation" is also used to refer to other parts of the salvation process. In this verse in 1 Peter it refers to something that is in the future for us. It is most likely that the phrase "ready to be revealed at the last time" refers to our salvation (and I can't find a translation that doesn't agree with this); but whether it does or not, the point of the verse is that we are "being guarded to a salvation." In other words, this particular aspect of salvation is something we don't have yet, but are being kept for.
And this is not the only verse that points to future salvation for us. For instance, there is Hebrews 9:28:
...so Christ also, having been offered once to bear the sins of many, shall appear a second time, not to bear sin, to those who eagerly await Him, for salvation.
Christ will come a second time, and the purpose of that second coming is the salvation of those who eagerly await Him. Once again, the word "salvation" refers to something that is still future for us.
Sometimes the word is used to with particular reference to our sanctification. See Philippians 2:
...work out your salvation....for it is God who works in you, both to will and to work for His good pleasure
Anyway, the point of all of this, is that the word
salvation is not a synonym for "born again", for the word "salvation" is much more all encompassing than the words "born again." It refers to the whole enchilada--the good work that God has begun in us, that He will be completing until the day of Christ Jesus.
[ July 02, 2002, 08:02 PM: Message edited by: russell55 ]