I keep reading in magazines or on social media about respect and its importance.

I interact with people from various sections of society on a daily basis. If I start treating them according to their pocket sizes, I will make a big ass of myself.

Learning can come from anywhere, It has nothing to do with your pocket size. Most Stoics, mystics, and poets had no money but great wisdom.

Parents should foster the virtue of respect with equanimity to their kids.

Summary: I have to earn respect by respecting others.