This quote is a profound statement about the power of perseverance, patience, and faith, and the rewards that come from embodying these virtues. The phrase “persistence with patience and prayer” suggests a combination of human efforts, time, and spiritual faith. Persistence implies continuous effort and determination, patience suggests the ability to wait for the right time without frustration, and prayer signifies faith, hope, and reliance on a higher power.

“Pays with profits, prosperity, and peace of mind” indicates the rewards of these virtues. Profits and prosperity are not just about material wealth, but also about personal growth, knowledge, wisdom, and overall well-being. Peace of mind is perhaps the ultimate reward because it represents inner tranquility, contentment, and satisfaction, which are often considered the highest forms of success.

Applying this concept in today’s world or personal development could mean persistently working towards one’s goals with patience, without rushing the process or seeking instant gratification. It also involves having faith and staying hopeful, especially in difficult times. For instance, in a business context, an entrepreneur might face many challenges and setbacks. By persisting with patience and positive affirmations or prayers, they can overcome these hurdles, learn from their experiences, and gradually achieve their business goals, leading to financial profits and personal prosperity.

In terms of personal development, it could mean continuously striving to improve oneself, learning new skills, overcoming personal weaknesses, and patiently waiting for the results. This process may involve self-reflection, meditation, or prayer, leading to inner growth, self-awareness, and ultimately, peace of mind.

In a world where everything is fast-paced and immediate results are often expected, this quote reminds us of the importance of patience, persistence, and faith, and the valuable rewards that come from practicing these virtues.