Current:Home > InvestWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Ascend Finance Compass
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-13 10:07:31
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! (2377)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Tropical Storm Sara threatens to bring flash floods and mudslides to Central America
- 'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
- Kim Kardashian and Kourtney Kardashian Team Up for SKIMS Collab With Dolce & Gabbana After Feud
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Falling scaffolding plank narrowly misses pedestrians at Boston’s South Station
- Are Dancing with the Stars’ Jenn Tran and Sasha Farber Living Together? She Says…
- Chris Martin and Gwyneth Paltrow's Son Moses Martin Reveals His Singing Talents at Concert
- Trump wants to turn the clock on daylight saving time
- Tennessee suspect in dozens of rapes is convicted of producing images of child sex abuse
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- What Republicans are saying about Matt Gaetz’s nomination for attorney general
- New Orleans marks with parade the 64th anniversary of 4 little girls integrating city schools
- South Carolina to take a break from executions for the holidays
- Sam Taylor
- New York nursing home operator accused of neglect settles with state for $45M
- Mississippi expects only a small growth in state budget
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa
Mississippi expects only a small growth in state budget
Cruel Intentions' Brooke Lena Johnson Teases the Biggest Differences Between the Show and the 1999 Film
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
High-scoring night in NBA: Giannis Antetokounmpo explodes for 59, Victor Wembanyama for 50
Two 'incredibly rare' sea serpents seen in Southern California waters months apart
J.Crew Outlet Quietly Drops Their Black Friday Deals - Save Up to 70% off Everything, Styles Start at $12