Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -VisionFunds
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-22 11:26:39
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! (5566)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- More than 110 million Americans across 29 states on alert for dangerous heat
- Buffalo Bills S Damar Hamlin a 'full-go' as team opens training camp
- WNBA’s Riquna Williams arrested on felony domestic violence charges in Las Vegas
- Retirement planning: 3 crucial moves everyone should make before 2025
- When does 'Hard Knocks' start? 2023 premiere date, team, what to know before first episode
- Kristen Bell reveals her daughters drink nonalcoholic beer: 'Judge me if you want'
- 4 dead, 2 injured in separate aviation incidents in Wisconsin: EAA
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Damar Hamlin is at training camp months after cardiac arrest: A full go, Bills coach says
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Missouri school board that voted to drop anti-racism resolution might consider a revised version
- 6 days after fuel spill reported, most in Tennessee city still can’t drink the tap water
- Salmonella outbreak linked to ground beef hospitalizes 6 people across 4 states
- Skins Game to make return to Thanksgiving week with a modern look
- A new millipede species is crawling under LA. It’s blind, glassy and has 486 legs
- In America's internal colonies, the poor die far younger than richer Americans
- Rudy Giuliani admits to making false statements about 2 former Georgia election workers
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
California Gov. Gavin Newsom offers to help negotiate Hollywood strike
Body found on grounds of Arizona State Capitol
'They Cloned Tyrone' is a funky and fun sci-fi mystery
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
US legislators turn to Louisiana for experience on climate change impacts to infrastructure
MLB commissioner Rob Manfred receives four-year extension into 2029
Drake revealed as new owner of Tupac's crown ring, which he purchased for over $1 million at auction