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Helping your child grow

Surrounded by tools and gadgets, it’s challenging to find a fine system to help children grow. I was thinking of two ways:

Theory of constraints – let the child crave, fight and feel unfortunate but, never permit them to use gadgets, branded clothes or any other means of luxury as it may cause them to get spoilt.

I am personally brought up this way. A cycle, 2 pairs of cloth and less than Rs.2 as a pocket money.

Through empowerment – provide your kids best education, best gadgets and exposure to let him become an empowered citizen and he’d be able to find his pursuit.

Balanced way – facilitate whatever necessary and don’t spoil.

What is your style and recommendation?