The fact is even people with lots of wealth aren't respected just because they have so much money. Pure Respect is not a thing which is obtained according to wealth, it depends entirely on one's behavior, views, values, perspective towards other things and people around them. Good deeds are always rewarded with respect. And that doesn't always require money.
Having a lot of money is okay. But if you do not share with people who are needed, you will not earn respect from them. But if you do not have much money, but you can share something with them while they are needed, you will earn respect. Good deeds will make others respect you, especially if you can doing good to them.