" A good name is rather to be chosen than great riches."

                                                                                                    - Proverbs 22:1

This quote implies that it is better to have a good reputation than to be known for being rich.Also this can mean that doing the correct thing is better and helps you more than riches.For example you can have all the luxury you want, this is what you will be known for having money and valuable items.It will be your name .What if you have all  riches and luxury but you have a bad attitude then people will know your being rich and rude. You might be walking down the street and then hear they are talking about you.