Thank you for your comment Toritoribe,
for my first interpretation, I feel sorry that its my careless, since I'm not good at Japanese
so I instead use a translation website to translate the interpreted text in Japanese obtained from
the first link, and also my confusion between the character 輪 and 輸.
BTW I have put my opinion also at one of the Chinese Forum
can you help me translate this poem - Tattoos, Names and Quick Translations - Chinese-forums.com
asking for comment of my interpretation
and one comment helps suggest that this phrase 第一花 , indicates the 牡丹(peonies)
which can also be noticed that its the title 白牡丹 (white peonies) of the whole part of the poem composed by 李漁 ,the painting OP has may be depicting Peonies ?
so (correct me where I'm wrong) the interpretation text could be :
誰能富貴不繁華
輸與春來第一花
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who can become rich but does not enjoy it,
is not as good as the spring peonies
(which bloom to welcome and enjoy the arrival of spring).
P.S. for many reason in my personal opinion,the writer of the poem may know the characters and meaning.