Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -FinanceMind
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-14 11:20:02
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! (7)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Shop 39 Kyle Richards-Approved Must-Haves Up to 50% Off During the Amazon Big Spring Sale
- Teen pleads guilty in murder case that Minnesota’s attorney general took away from local prosecutor
- Chrishell Stause & Paige DeSorbo Use These Teeth Whitening Strips: Save 35% During Amazon’s Big Sale
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Millie Bobby Brown's 'Stranger Things' co-star will officiate her wedding
- Sweet Reads sells beloved books and nostalgic candy in Minnesota
- Memorial at site of deadliest landslide in US history opens on 10th anniversary
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Former Georgia insurance commissioner John Oxendine pleads guilty to health care fraud
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Riley Strain Dead at 22: Police Detail What Led to Discovery of Missing Student
- Chrishell Stause & Paige DeSorbo Use These Teeth Whitening Strips: Save 35% During Amazon’s Big Sale
- Ariana Grande, Josh Peck and the problem with punishing child stars
- Meet first time Grammy nominee Charley Crockett
- Q&A: Extreme Heat, Severe Storms Among Key Climate Challenges for Maryland’s New Chief Resilience Officer
- Recent assaults, attempted attacks against Congress and staffers raise concerns
- Women’s March Madness live updates: Iowa State makes historic comeback, bracket, highlights
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Colorado stuns Florida in 102-100 thriller in NCAA Tournament first round
Here's How Jamie Lee Curtis Reacted To Chef José Andrés' Kitchen Mishap While Filming For His New Show
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Meta releases AI model to enhance Metaverse experience
NCAA Tournament winners and losers: Kentucky's upset loss highlights awful day for SEC
New York State Legislature Votes to Ban CO2 Fracking, Closing a Decade-Old Loophole in State Law
Metal detectorist looking for World War II relics instead finds medieval papal artifact