Self-confidence is the best outfit, rock it and own it. Parents think if they give their children everything they want, they're doing them good. Instead teach them how to have self-confidence. That will take them much farther in life.
"When I was young, I used to admire intelligent people; as I grow older, I admire kind people." I could not possibly tell you how much I love and agree with this. To have both qualities in one person is such a gift as well.