A good name is to be chosen rather than great riches,
Proverbs 22:1
and favor is better than silver or gold.
This verse is not ultimately about making sure you maintain a decent reputation by setting a good moral example and living in a godly manner…though such a lifestyle can in fact benefit your neighbor when done so with grace and humility. The Gospel however, offers us a greater hope on behalf of the merits of Christ. By grace, you have been chosen and given a name in the family of God…you are called heir, son, daughter, and friend because of the record of the One who “made himself of no reputation”…by whom we have been made the righteousness of God. What better name could you hope for?
Law, Grace, & Daily Living 