Both! I love being a mom and it's wonderful to be grandma. It's different with the grandkids because I have more time and money to spoil them then I did raising my kids. Nothing better then hanging out with my kids and their kids and knowing not only did I raise mine right but they are raising theirs right too. Another wonderful branch to our family tree.
Being a grand parent rocks!! You don't have the worries and stress related to raising your own children. You can do all the fun things. Plus you've learned all the dis and fonts of parenting by then. So it's less of a challenge. And you get to spoil then and make them act exactly as your children acted at that age