[badpun]

I was pretty much allowed to do whatever I wanted. Overall, I was punished only once in my teenage years (was told I had to skip a ski trip because I came home very drunk one night, at 15 or 16 yo). All in all I'd say I did pretty good, I'm already FIREd at 42 years old.

[quickcheque]

And are you following the same approach with your own kids (if any)?

[badpun]

I don't have kids.

I think the approach should highly depend on the kid. I for one was good at academic subjects and also reasonably concerned about my future to put in the work at school (I never ran off with the circus etc.), so hands-off approach worked well with me. It might not work as well with someone completely different.