prasāde — on achievement of the causeless mercy of the Lord;  sarva — of all;  duḥkhānām — material miseries;  hāniḥ — destruction;  asya — his;  upajāyate — takes place;  prasanna- cetasaḥ — of the happy-minded;  hi — certainly;  āśu — very soon;  buddhiḥ — intelligence;  pari — sufficiently;  avatiṣṭhate — becomes established.

For one thus satisfied [in Krishna consciousness], the threefold miseries of material existence exist no longer; in such satisfied consciousness, one's intelligence is soon well established.