Sharing your past with your children

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Do you think it's important to share your past with your children? As in bad things you have done?
My husband and I agree that we want to be pretty open and honest with our kids so they can learn from our mistakes and hopefully not make the same ones. We will share with them most of the bad things we have done in life and tell them our experiences. I think it's important for my kids to know who I am and where I came from. 
What do you think?

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