Dear Vimala,
I like your picture! Hopefully you don’t look like that quite yet!
Yes, it is explicitly stated in the suttas that kamma can produce results in the same life. This would include any painful experiences that come from punishment for actions done in this life, but more importantly it refers to the mental world you are creating for yourself. Bad acts feel bad, and good acts feel good. This is precisely why virtue, in both its positive and negative sense, is extremely important on the path. Virtue, including generosity, provides the all-important foundation of happiness for meditation to work. I don’t think it is possible to emphasise this enough, and it should be a powerful inducement for us to do everything in our power to do what is good.
With metta.