It's another contest on the 
We should know that parents have a great role to play in raising our children.
Although, a child might decide to go his way later in life but a parents have a great role to play in upbringing.
Source
What i would do differently for my kids
I don't have kids yet, but going to have some one day.
I will bring them closer to God. The 30minutes to 1hour morning devotion goes a long way in the life of a child. You are sowing the seeds of prayers in the child.
I will become very close to my children. This is another thing i will love to do.
Some parents are so strict to the extend that their children become scared of them.
You may be Happy that your child fear but you don't know the harm you have caused to your child.
There is difference between fear and respect.
I will be close to them so they can come to me for advice instead of going to their friends for advise.
About social media, it doesn't really stop a child from getting spoilt, even though they didn't have early access to social media, they can meet friends in school that can mislead them, what helps a child is the fear of God in them, that's why we should always involve our children in our personal prayers.
Thank you for reading