Scripture: Not only so, but we also rejoice in our sufferings, because we know that suffering produces perseverance; perseverance, character; and character, hope. Romans 5:3,4 NIV
Observation: Paul teaches in Romans of a great progression toward hope.
Application: I don’t know how many times in my life I’ve been frustrated and I’ve cried out to God, “why?”, but I know I’ve asked it often. I believe the answer is found in these verses; to produce perseverance, character and hope in me, that’s why.
Prayer: Father, thank you for caring so much for me that you want me filled with hope. Amen
Doug
Instructions For Life According to Jesus Christ 
Very good comments Doug. The next verse also adds much I feel:
…and hope does not put us to shame, because God’s love has been poured into our hearts through the Holy Spirit who has been given to us.