That's a good question, Ryan. Here's my opinion. 
 
Say there's this person. We'll call him Jordan. Jordan here accepts Christ as his Savior and Redeemer, but he doesn't do anything about it. He isn't a bad person, but he isn't a good one. He goes to school, church, and everything else. A very average person. 
 
When Jordan dies (after living a long, average life) the Savior wants to know what he did during his life. What is Jordan supposed to say? "I just hung out and did stuff"? "I was average"? How embarrasing would that be? Wouldn't Jordan want to say "I honored You all the days of my life, living and working in the Father's name"? Which answer would give him a better chance of eternal happiness? 
 
It is by the grace of our Savior, Jesus Christ, that we are saved- but would you really be comfortable doing nothing all your days and saying "Oh, I believe in Christ, he'll save me"? I know I wouldn't.  
 
"Faith without works is dead", according to James 2:20. It is Grace that saves us, and Works that get us to where we can be saved. We need to try, every day and in every way, to be the best we can be, to live for our God, to do everything possible that will bring us closer to Him. 
 
Hope this helps.

The Atonement of Jesus Christ and the grace He offers us is perhaps the most important thing that we could ever know. It is the core of the Gospel, of our religion, and should be at the core of our lives. We must likewise know how He offers us the riches of his grace, and what we must do to accept and partake of that grace. And therein is the confusion that clouds much of the popular theology of today, a confusion that sadly clouds the thinking of some Latter-day Saints as well.  
The first misconception, which in ignorance has even been taught by a few well-meaning Latter-day Saints, is that we earn our way to heaven by keeping commandments. That is absolutely false. It is completely inconsistent with the scriptures and with all that is taught by the Church. Without the grace of Christ, nothing we did in this life would have any eternal value. All the obedience in the world cannot cleanse one of sin or conquer death - only the grace of Christ gives us such hope.  
The second misconception, one that has become surprisingly common among Christian churches, is that we are saved by grace without any effort on our part, that once we are saved we are guaranteed salvation without the need to keep the commandments of Christ. Now the meaning of this phrase, "keep the commandments," is that we strive to obey and follow Christ, but not that we must fulfill every letter perfectly, for none can do that. But Christ asks us to follow Him with all our heart, and we do that by striving to obey and honor Him. Our failure to be perfect is made up by His grace, for His grace is sufficient to cover our failings and imperfections if we truly strive to accept Him.