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One of God's requirements is to fear Him (that is to respect and reverence Him). It's in the Bible, Deuteronomy 10:12-13, NIV. "And now, O Israel, what does the Lord your God ask of you but to fear the Lord your God, to walk in all His ways, to love Him, to serve the Lord your God with all your heart and with all your soul, and to observe the Lord's commands and decrees that I am giving you today for your own good?"
God teaches those who fear Him. It's in the Bible, Psalm 25:12, TLB. "Where is the man who fears the Lord? God will teach him how to choose the best."
Fearing God brings wisdom. It's in the Bible, Proverbs 9:10, NIV. "The fear of the Lord is the beginning of wisdom, and knowledge of the Holy One is understanding."
The fear of the Lord is more valuable than wealth. It's in the Bible, Proverbs 15:16, NIV. "Better a little with the fear of the Lord than great wealth with turmoil."
The fear of the Lord provides a refuge for children. It's in the Bible, Proverbs 14:26-27, NIV. "He who fears the Lord has a secure fortress, and for his children it will be a refuge. The fear of the Lord is a fountain of life, turning a man from the snares of death."