Is trust more valuable than money?

[sunsilk]

It is easy to regain lost money, but regaining a lost reputation is hard.

I agree, the integrity of a person is hard to be earned and that's why many are protecting theirs by simply being honest and true to what they are working with.

Trust is like a glass they say once it's broken, it can be fixed but the stain is already visible.

Money can be earned through any means that we know of but the trust that we've gained, once it's lost by the people we know. It's hard to take that back and rebuilding it will take time.

[STT]

The entirely ironic thing about capitalism in general is money is really not the most valuable thing, accumulating alot of money doesnt make someone rich exactly.  The quality of what you exchange the money for is where the value is, its a subtle nuance easily lost I guess but it matters increasingly that money itself is not valuable by itself.  Especially we can say that these days when modern alchemy has us collecting bits of paper which are eaten over night every night by inflation until your savings are shredded.
   The highest value of money is in security of that value, so trust would equate to that idea of security and storing value; trust is worth far more then money.

[Fragrance1122]

The entirely ironic thing about capitalism in general is money is really not the most valuable thing, accumulating alot of money doesnt make someone rich exactly.  The quality of what you exchange the money for is where the value is, its a subtle nuance easily lost I guess but it matters increasingly that money itself is not valuable by itself.  Especially we can say that these days when modern alchemy has us collecting bits of paper which are eaten over night every night by inflation until your savings are shredded.
   The highest value of money is in security of that value, so trust would equate to that idea of security and storing value; trust is worth far more then money.

In a philosophical sense it is true but practically money is the tool that buys quality. Money isn't the goal but literally the ticket. Capitalism isn't the problem instead fiat and unlimited printing is. Blaming capitalism for inflation is like blaming cars for traffic.

And yes the most vital thing to be carried out in business is trust because lack of trust is directly proportional to no trade and no economy.

[suhadi88]

The entirely ironic thing about capitalism in general is money is really not the most valuable thing, accumulating alot of money doesnt make someone rich exactly.  The quality of what you exchange the money for is where the value is, its a subtle nuance easily lost I guess but it matters increasingly that money itself is not valuable by itself.  Especially we can say that these days when modern alchemy has us collecting bits of paper which are eaten over night every night by inflation until your savings are shredded.
   The highest value of money is in security of that value, so trust would equate to that idea of security and storing value; trust is worth far more then money.

In a philosophical sense it is true but practically money is the tool that buys quality. Money isn't the goal but literally the ticket. Capitalism isn't the problem instead fiat and unlimited printing is. Blaming capitalism for inflation is like blaming cars for traffic.

And yes the most vital thing to be carried out in business is trust because lack of trust is directly proportional to no trade and no economy.

Quite interesting, touching on a different aspect of the same problem. The phenomenon is most closely related to everyday life when people buy groceries or other necessities. If they see a large amount of money, they only get a small amount, especially when they compare.

It's natural that trust is fundamental in business. But indirectly, many options will arise in their minds as they look for ways to balance it.

[MRY]

Quite interesting, touching on a different aspect of the same problem. The phenomenon is most closely related to everyday life when people buy groceries or other necessities. If they see a large amount of money, they only get a small amount, especially when they compare.

It's natural that trust is fundamental in business. But indirectly, many options will arise in their minds as they look for ways to balance it.

Buying daily commodities compels you to always settle on the most optimum prices in case you run out of finances. Money that will appear to be a lot will become little as the costs of goods will keep on increasing. Business is based on trust, yet spending decision should be taken attentively on daily basis to guarantee the budget is safe and secure enough to support all the families in need who are struggling with survival.

[Johnlomape]

It is easy to regain lost money, but regaining a lost reputation is hard.

I agree, the integrity of a person is hard to be earned and that's why many are protecting theirs by simply being honest and true to what they are working with.

Trust is like a glass they say once it's broken, it can be fixed but the stain is already visible.

Money can be earned through any means that we know of but the trust that we've gained, once it's lost by the people we know. It's hard to take that back and rebuilding it will take time.

People are not the same and we have some species of humans that value money than their integrity. These people can do anything for money and they do not care about what could be the consequences of their actions.
Of these kid of humans that are greedy for money find themselves in political positions, they will do anything to make sure they embezzle huge amounts of money and making sure that it has no traces. Money has been what almost all humans are looking for get and that is why almost everyone is working to earn salaries and build businesses that will make them money.

[cozytrade]

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.

That’s the part where self confidence comes into play.You need to be confident enough in other to build trust between your brands and the customer,once you’ve established that trust it would bring more financial deals because if I got a product and I trusted it much I would really want to recommend that product to my family members or my friends too.Building a trust may take long but that’s not the issue,the question you should ask yourself is that,would this  trust I am trying to build provide more audience for me in the future?if no you don’t have to get up failure isn’t a product of weakness rather try again and keep believing in yourself try it gets right.

I do agree that trust and money go hand in hand, but money would not be my first priority. Trust is the key to a great product, to better opportunities and to a successful start of your business but without trust, these benefits may be short-lived when it comes to money. It may be because of ads that customers try something once, but keep coming back because they trust the brand. This is true of relationship and partnerships too. Trust is something that builds up over a course of years and can be shattered in mere moments. When people come to believe in you, opportunities for money can be plentiful, but if you have money, people don't always trust or support you.

[katanic97]

~

I do agree that trust and money go hand in hand, but money would not be my first priority. Trust is the key to a great product, to better opportunities and to a successful start of your business but without trust, these benefits may be short-lived when it comes to money. It may be because of ads that customers try something once, but keep coming back because they trust the brand. This is true of relationship and partnerships too. Trust is something that builds up over a course of years and can be shattered in mere moments. When people come to believe in you, opportunities for money can be plentiful, but if you have money, people don't always trust or support you.

You have to admit that someone with money often has an easier time gaining people's trust than someone without it. Many brands that started with strong funding and a compelling story managed to earn people's trust quickly. On the other hand, many businesses with a much better story but without financial backing failed to succeed, even though their idea was far superior.

[Asuspawer09]

I mean, for sure, trust is more valuable than money, getting someone trust was not easy and it takes a long time to build someone trust on you, and if you did something that would break that trust it was probably not going to be the same anymore and your probably not going to be able to build that trust again, maybe if your lucky but it wasn't for sure going to be the same as the first time.

I always remember a friend about this kind of discussion about trust and money, I have a friend that is always have the habit of borrowing money, some time I usually lend him money I mean I kinda understand most of the time, but never actually pays me, until I find out something about his gambling problems and how if take some of the money that is not for him, it just destroy my trust to him and after that I never lend him money again, His still a friend but when it comes to money I completely shut it immediately.

Having someone trust in my opinion is better than having a little bit of money. I wouldn't go to trade someone's trust, also trust is going to give you a lot more opportunities. For me, having that integrity is important as a character.

[Rubuchi]

You have to admit that someone with money often has an easier time gaining people's trust than someone without it. Many brands that started with strong funding and a compelling story managed to earn people's trust quickly. On the other hand, many businesses with a much better story but without financial backing failed to succeed, even though their idea was far superior.

it depends on the context you are looking at it. Even when you have money in surplus, you still need to build that trust because trust at all cases will bring long standing relationship more than money. The reason why I said it depends on the context is, if as a businessperson, you entered the business with a lot of funds at hand, it is easier to build the numbers and trust too using your money to protect your reputation but if you don't don't have the money, focus on building the reputation and the trust because even a rich person needs to build.his trust level if he wants his business to stay for a longer period of time.