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?"

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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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