Is trust more valuable than money?

[katanic97]

Most definitely, Trust is more valuable than money. Money can buy every good things of life, but can never buy trust no matter the amount you want to equate it to, money can not always restore trust. To earn trust is very difficult because it takes a very long period of time to build it with honesty and just one  act of being dishonest can break it. So it is very hard to build trust and at same time very easy to lose it.
In business, one needs to build a good reputation for his or her brand or company because customers tend to buy from brands they trust.

To build all of that, you first need money. More importantly, you need to believe in yourself before gradually building the trust of others. Building trust takes time and patience, and as you said, those are things that money can't buy. A brand that has earned people's trust will also have money.

[Bitcoin_Budha]

Most definitely, Trust is more valuable than money. Money can buy every good things of life, but can never buy trust no matter the amount you want to equate it to, money can not always restore trust. To earn trust is very difficult because it takes a very long period of time to build it with honesty and just one  act of being dishonest can break it. So it is very hard to build trust and at same time very easy to lose it.
In business, one needs to build a good reputation for his or her brand or company because customers tend to buy from brands they trust.

To build all of that, you first need money. More importantly, you need to believe in yourself before gradually building the trust of others. Building trust takes time and patience, and as you said, those are things that money can't buy. A brand that has earned people's trust will also have money.

There is no doubt that without money, no one is going to trust you because to have trust, you need to show something, which is more important. Empty pockets mean nothing. Brands spend money, and then people start to trust. If they have nothing, then how will trust be built?

Money is always important before anything in the practical world. Living without trust is possible, but without money you are not going to survive, and then how will trust work, or how will you be able to have trust from anyone if you have nothing on paper? Many things look easy, but in the real world, it's all about money before trust.

[Judith87403]

To build all of that, you first need money. More importantly, you need to believe in yourself before gradually building the trust of others. Building trust takes time and patience, and as you said, those are things that money can't buy. A brand that has earned people's trust will also have money.

I don’t know but I feel establishing trust should be the first thing, more like the foundation, especially in the business sector. When there’s trust amongst a person and others, both their employees and their customers, then there’ll be a much conducive environment to work and interact, especially with the customers, you’ll see that your customers would be very confident to pitch and share your business and their experience with you to others, which of course means you’ll make more profit.

[cxtreenal]

You can earn back money but you will never be able to gain someone's trust back. For example you lose 5 thousand dollars in a bad deal. You can manage to get it back by one way or the other like working overtime or start again but if you lose someone's trust the doors might get shut forever. Reputation is a single street.

Money open the doors while trust keeps them open. You will be able to get your first meeting with an investor or partner while trust will give you repeat business and referrals. Money has the price while trust is the multiplier. Money is the tool but trust is the capital. What are your thoughts?

You have to earn money through hard work, this requires honesty. If you earn money without being honest, once the person you deal with will never trust you. If you are involved in an organization and work there, once the trust of your boss is broken, you will not be able to move forward in that job or you can fire the job at any time.

Having funds available to you means that you are rich and many wealthy people trust you. Only those who are big businessmen who have to build their own position will other businessmen trust them and supply them with products without cash funds. Many trustworthy businessmen are conducting business only on the basis of trust without any written contract.

[CryptoBuds]

Most definitely, Trust is more valuable than money. Money can buy every good things of life, but can never buy trust no matter the amount you want to equate it to, money can not always restore trust. To earn trust is very difficult because it takes a very long period of time to build it with honesty and just one  act of being dishonest can break it. So it is very hard to build trust and at same time very easy to lose it.
In business, one needs to build a good reputation for his or her brand or company because customers tend to buy from brands they trust.

To build all of that, you first need money. More importantly, you need to believe in yourself before gradually building the trust of others. Building trust takes time and patience, and as you said, those are things that money can't buy. A brand that has earned people's trust will also have money.

I do not think we need to focus on earning other people's trust. If we believe in ourselves and create real value, people will naturally trust us.

Look at well known brand. People trust them because they have proven themselves over time through the quality of their product, their service, and reputation. It is not because they keep telling everyone they are trustworthy.

In business, building trust is ultimately about turning it into profit. That is why I do not think it is entirely accurate to say that trust is more valuable than money.

[YOSHIE]

You can earn back money but you will never be able to gain someone's trust back.

You can take the example of the Chinese, they consider that trust is an asset that cannot be valued with money, trust cannot be seen and valued with material things, that is the principle of the Chinese. Even though it is their own biological family, once trust is betrayed, familial relations are over.

Trust is indeed difficult to build. It takes a long time for someone to gain trust from other people, whether it is trust in terms of work, friendship, business and so on, trust is one of the keys to opening the door to future success which cannot be bought with material things.

Try to imagine that trust is like glass and money is like a frame. If the glass is broken of course you can't put it back together, but the frame can still be repaired and can still be connected. Your glass can't be repaired back to its original state, that's the difference between trust and money.

[Johnlomape]

You can earn back money but you will never be able to gain someone's trust back. For example you lose 5 thousand dollars in a bad deal. You can manage to get it back by one way or the other like working overtime or start again but if you lose someone's trust the doors might get shut forever. Reputation is a single street.

Money open the doors while trust keeps them open. You will be able to get your first meeting with an investor or partner while trust will give you repeat business and referrals. Money has the price while trust is the multiplier. Money is the tool but trust is the capital. What are your thoughts?

You are making enough sense here and that is for the people who see reputable as a value. Most to our politicians don't really care about what people have to say about them. What they are interested to see is money and they value money more than life.
They involve themselves in shitty businesses and they don't mind if the outcome of what they are doing will lead to lost of lives or will cause more damages in the society than the superficial outcome we may be seeing at the beginning.

Reputable is more valuable than riches...that is to the good men out there that know the benefits and what it could take for people to trust them. The bad eggs don't care about their reputations, all they want to see is more money which is wrong and unacceptable by good mindsets.

[Leahized]

It is much more important than money to keep promise to business partners. When friend betrays, it is unquestionably over with the relationship, no matter whether the money was returned. Money is earned but trust cannot be bought at any cost. Being straight about what you do is the best alternative to safe and easy business.

For this first of all an honest and wise person should be selected as a business partner. By doing this the business can improve and all the problems can be solved very quickly. The first mistake we make in doing business. Choose another person as a partner for money without observing anything. And if business ever slows down, the chances of running away with money in frustration or trying to break the contract increase. However, faith is more important than money. But nowadays money is given more priority.

[Fragrance1122]

You can earn back money but you will never be able to gain someone's trust back.

You can take the example of the Chinese, they consider that trust is an asset that cannot be valued with money, trust cannot be seen and valued with material things, that is the principle of the Chinese. Even though it is their own biological family, once trust is betrayed, familial relations are over.

Trust is indeed difficult to build. It takes a long time for someone to gain trust from other people, whether it is trust in terms of work, friendship, business and so on, trust is one of the keys to opening the door to future success which cannot be bought with material things.

Try to imagine that trust is like glass and money is like a frame. If the glass is broken of course you can't put it back together, but the frame can still be repaired and can still be connected. Your glass can't be repaired back to its original state, that's the difference between trust and money.

Your statement about trust is absolutely stunning. I love the way you have delivered and explained my point. I do run a small business of my own in which I have prioritized building trust before making money and it is true that I have got many referrals because of the image that I have made in the market by paying my debts and the delivery of stocks on time. When you are genuine and doesn't carry a dual face , the world is yours.

[MrEazyLife]

So let me make some reference why trust in my opinion is vital….For instance those that are in to illegal business, such as drugs and other illicit activities, you find out that the major problem most times that they face in their business is TRUST issues.. during their business cycle one needs trust to make their money, even after that, they still need trust to stay alive…Once they smell betrayal, they end up eliminating the person involved….not just the drug lords but also the politicians needs trust within themselves to keep up with their activities. So I can boldly say that TRUST comes first in our lives

[FanEagle]

Depends on what you are doing. For example if you are a crypto trader, and your job is to day trade crypto, then were are you going to use trust? I mean if NOBODY trusts you, that still doesn't change a thing for you. You wake up, you sit on your pc, do your analysis, make trades, hopefully make profit, close your pc, watch some tv, eat, sleep, and wake up and do it all over again. In this case, if nobody in the world trusts you, then that doesn't matter.

But of course there are many jobs where you are required to have a trust, like if you actually do believe what you are doing, then you should be possibly making some profit from it as well. I think that is why some do require trust, some do not require it.

[justdimin]

I like the title, in the cooperate world this trust is called goodwill, and fortunately to say... but trust is like a currency which if used wisely opens doors to several other benefits like getting goods and services on credit, reputation of you as an individual or company goes up and a whole lot of perks..

Otherwise I would say trust is pretty much equivalent to $$$ ,and the world revolves around this. Practical examples are credit score ratings if you have this in the green then you are qualified for bigger amounts but if it's low then you are deemed high risk and will limit you to lower amounts.

This depends on what kind of business you have. If you are a small shop, and you build it on trust, then it's going to hurt you, because smaller players end up ruining trust just to get rich, people are willing to not pay even after getting items, or they would ask you to build something, and then tell you that they will pay you when the thing is done, then when it is done, you tell them to pay you so you would give the item, and they tell you they have no money and you should keep the item, like what am I suppose to do with it?

Hence, when you are talking about companies that make billions, sure trust is easy, but if you are someone who is making a few grand, I would suggest not to do that.

[Woodie]

~snip~
This depends on what kind of business you have. If you are a small shop, and you build it on trust, then it's going to hurt you, because smaller players end up ruining trust just to get rich, people are willing to not pay even after getting items, or they would ask you to build something, and then tell you that they will pay you when the thing is done, then when it is done, you tell them to pay you so you would give the item, and they tell you they have no money and you should keep the item, like what am I suppose to do with it?

Like you said, this model doesn't work well with smaller players because their capital is pretty much tied in the goods and services they provide and they can't afford to have this because any delays in receiving payments could force business to close shop which shows us why small businesses can't build the business model on trust.

Hence, when you are talking about companies that make billions, sure trust is easy, but if you are someone who is making a few grand, I would suggest not to do that.

💯 Agree with you.. the big players have that breathing room, but the small business wouldn't survive running on this model.

[junder]

For this first of all an honest and wise person should be selected as a business partner. By doing this the business can improve and all the problems can be solved very quickly. The first mistake we make in doing business. Choose another person as a partner for money without observing anything. And if business ever slows down, the chances of running away with money in frustration or trying to break the contract increase. However, faith is more important than money. But nowadays money is given more priority.

The conclusion may be that when trust is lost then this can make us lose better opportunities or indeed lose what we have earned such as money for example. Someone who has been trusted in a company, but once he disappoints his boss by making a deliberate mistake, he can lose his job his income may even be with his reputation that was good to be bad.
Especially as you say for example someone who has been trusted to hold the company but he ran away with the profits this will make him experience many bad things clearly reputation, honor, work and income may even have to pay damages (which is possible).

[DPHOR]

I think trust is money, trust is connection and trust is recommendation!
Before money comes in you must first gain the trust, for instance you where hired in a firm based on recommendation, connection because of the trust the person had in you in your previous working experience or at your respective office.
Trust is more of reputation and when the reputation is built it is that easier for you to gain more jobs across the state or across the forum.

[eightdots]

I think trust is money, trust is connection and trust is recommendation!
Before money comes in you must first gain the trust, for instance you where hired in a firm based on recommendation, connection because of the trust the person had in you in your previous working experience or at your respective office.
Trust is more of reputation and when the reputation is built it is that easier for you to gain more jobs across the state or across the forum.

Trust is something that makes many things easier and is often more valuable than money. Money is easy to earn, but earning trust is not. Earning trust means others will trust your word, and when that happens, you reach a higher level in your work.

Earning trust is important, but maintaining the trust you've earned is equally important. In business, it's crucial to pay attention to these things.