Answer:
It is asking you to write what you learned from a certain experiance, like "This experiance has taught me that lying leads to consequences." Or something like that. Also In your first paragraph, it says, "'because when I was younger" You could combine it with "I believe that lying is bad" Instead you could say, " I believe that lying is bad, for example when I was younger..."
Third person limited point of view, is a method of storytelling in which the narrator knows only the thoughts and feelings of a single character, while other characters are presented only externally. Third person limited grants a writer more freedom than first person, but less knowledge than third person omniscient.