WORK PAYS LATER. LAZY PAYS NOW.

Answer 1

I think this means that if you work hard now, your hard work will pay off later, but if your really lazy and don't want to do work, then its going to affect you now.

Answer 2

If you work now, you get paid -- either money, grades, or satisfaction later. If you're lazy now, you enjoy the leisure of the moment -- but that's all.