Meaning of the word "a good name is far better than riches" in English

What does "a good name is far better than riches" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a good name is far better than riches

US /ə ɡʊd neɪm ɪz fɑːr ˈbetər ðæn ˈrɪtʃɪz/
UK /ə ɡʊd neɪm ɪz fɑː ˈbetə ðæn ˈrɪtʃɪz/
"a good name is far better than riches" picture

Idiom

a person's reputation is more valuable than money or material wealth

Example:
He chose to tell the truth and lose the deal, believing that a good name is far better than riches.
In business, always remember that a good name is far better than riches; once your integrity is gone, it's hard to get back.