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

proverbs 22.1 

This statement is  very well said this words do mean a lot. This is saying that you will rather have a good name chosen than great riches. Instead of have riches like money and nice things you have a good name chosen that can bring you many opportunities in life. It is saying that money or nice things can bring you happiness if you have a good name chosen it can bring you happiness as well. For example you don't have many riches but you have a good name that good name can bring you opportunities, happiness, and it can even bring you riches .If you have a good name then people will talk about you  they will say good things about you and what you have done. When they ask about you to another person and they say your name they will say " yes i know him/her they are such a nice person." They will admire you because you have a good name and they will lead up to you just because your good name is chosen.