The question is from the textbook Inequality, Discrimination, Poverty, and Mobility Question 3, Chapter 15: "Explain...

The question is from the textbook Inequality, Discrimination, Poverty, and Mobility Question 3, Chapter 15:

"Explain how your actions influence your children's lifetime earnings. How confident should you be that your children will live better than you?"

Expert Solution

My actions will surely influence my child's lifetime earning. If I would act sincere towards his/her academics and other activities, I would pay attention to the things which are important for my child's development, if I would be ready to invest my money on those important things then I would contribute positively for my child's bright future also making him/her understand the importance of these things by showing concern over the right and necessary things. But if i would act careless then my child won't learn anything, because children learn from parents.

I have to be very confident and confidence reflects in one's action. If I would be confident enough, I would always motivate them through my action and words as well. Constant inspiration and motivation are the key to success and both of these things originate through confidence. If I would show confidence in them, they will grow up to have self confidence, which is really necessary for success.

Rahul Sunny answered 1 year ago

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