Poverty and shame shall be to him that refuseth instruction: but he that regardeth reproof shall be honoured.
Poverty and shame (shall be) to him that refuseth instruction - disciplinary instruction, correction. 'Disciplinary instruction' is needed for learning any honest trade or profession. He who refuseth discipline excludes himself from a way of livelihood, and involves himself in "poverty."
But he that regardeth reproof shall be honoured - before God, and often before men. "Regardeth," mindfully and practically; not merely bearing it calmly, but profiting by it, and refraining from the sins which were the cause of it. "Honoured," stands in contrast to "shame" and to "poverty," which is generally regarded with contempt. The pious are not always enriched, but they are sure, either here or hereafter, to "be honoured."