Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -FutureWise Finance
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-26 19:35:14
It pays to have a mom like Phaedra Parks—literally!
The Real Housewives of Atlanta alum recently revealed the extravagant gift she gave her oldest son, Ayden, for his 13th birthday back in May.
"He said for his birthday he either wanted a dirt bike or a way to make money," the reality star told People in an interview published June 30. "And so I said, 'Well definitely not gonna give you a dirt bike to kill yourself. I will give you $150,000 for you to buy a piece of property.' And so now he's basically trying to figure out if he wants to do a little multi-unit duplex, you know, his own little rental properties."
According to Phaedra, the teen has been interested in building his personal wealth for years.
"Ayden is big into cryptocurrency and big into researching how to become a millionaire before he is 25," she explained. "And so he's been talking about getting investment properties."
And her 10-year-old Dylan is following in his big brother's financial footsteps, as she added, "Both my sons love anything about making money in cryptocurrency."
Though Phaedra joked Ayden and Dylan "can be a bit bougie" at times, she noted, "They have great manners. I'm very proud to call them mine."
While Ayden's gift might seem over-the-top, Phaedra says she's proud to pass along generational wealth to her sons.
"I come from a middle-class family of educators," she shared. "However, they didn't have the type of income that I have. So while they probably would have wanted to able to do that, they didn't have the means to give a kid $150,000 to buy something. It just wasn't like that back then, especially for people of color."
Besides passing along financial stability, Phaedra also shared the three rules she's instilled in her kids: "Be respectful of adults, clean up behind yourself and be grateful."
(E! and Bravo are both part of the NBCUniversal family)
Peacock is live now! Check out NBCU's streaming service here.veryGood! (4357)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Donald Trump sues E. Jean Carroll for defamation after being found liable for sexually abusing her
- See Inside Millie Bobby Brown and Jake Bongiovi's Engagement Party
- Plastics: The New Coal in Appalachia?
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Q&A: Oceanographers Tell How the Pandemic Crimps Global Ocean and Climate Monitoring
- Zendaya Reacts to Tom Holland’s “Sexiest” Picture Ever After Sharing Sweet Birthday Tribute
- This Shirtless Video of Chad Michael Murray Will Delight One Tree Hill Fans
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- TVA Votes to Close 2 Coal Plants, Despite Political Pressure from Trump and Kentucky GOP
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- What is a Uyghur?: Presidential candidate Francis Suarez botches question about China
- Federal judge blocks Kentucky's ban on gender-affirming care for trans minors
- Ulta 24-Hour Flash Deal: Dry and Style Your Hair at the Same Time and Save 50% On a Revlon Heated Brush
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- TikTok forming a Youth Council to make the platform safer for teens
- Tax Bill Impact: What Happens to Renewable Energy?
- The Man Who Makes Greenhouse Gas Polluters Face Their Victims in Court
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Community Solar Heads for Rooftops of NYC’s Public Housing Projects
Tax Overhaul Preserves Critical Credits for Wind, Solar and Electric Vehicles
TVA Votes to Close 2 Coal Plants, Despite Political Pressure from Trump and Kentucky GOP
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
40-Plus Groups Launch Earth Day Revolution for Climate Action
Proof Fast & Furious's Dwayne Johnson and Vin Diesel Have Officially Ended Their Feud
Produce to the People