Current:Home > ScamsWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday-DB Wealth Institute B2 Expert Reviews
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View Date:2024-12-23 23:01:27
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! (751)
Related
- Duke basketball vs Kentucky live updates: Highlights, scores, updates from Champions Classic
- Mariah Carey Speaks Out After Her Mom and Sister Die on the Same Day
- Tropical depression could form in Gulf Coast this week
- Powerball winning numbers for September 7: Jackpot climbs to $112 million
- She was found dead while hitchhiking in 1974. An arrest has finally been made.
- Bridge collapses as more rain falls in Vietnam and storm deaths rise to 21
- Gaudreau brothers to be honored by family, friends and their grieving hockey teammates at funeral
- Tennessee, Texas reshape top five of college football's NCAA Re-Rank 1-134 after big wins
- Taylor Swift's Dad Scott Swift Photobombs Couples Pic With Travis Kelce
- Polaris Dawn: SpaceX targets new launch date for daring crewed mission
Ranking
- Disney x Lululemon Limited-Edition Collection: Shop Before It Sells Out
- Montgomery’s 1-yard touchdown run in OT lifts Lions to 26-20 win over Rams
- Tropical Storm Francine forms in Gulf, headed toward US landfall as a hurricane
- Kate Middleton Details Family's Incredibly Tough 9 Months Amid Her Cancer Journey
- Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa
- Roblox set to launch paid videogames on its virtual platform
- 2024 CMA Awards: Beyoncé’s Cowboy Carter Album Shut Out of Nominations
- Sky's Angel Reese to have wrist surgery Tuesday, be in cast for six weeks
Recommendation
-
Dogecoin soars after Trump's Elon Musk announcement: What to know about the cryptocurrency
-
Jewish students have a right to feel safe. Universities can't let them down again.
-
US investigating reports that some Jeep SUVs and pickups can catch fire after engines are turned off
-
Officer put on leave in incident with Tyreek Hill, who says he's unsure why he was detained
-
California Gov. Gavin Newsom will spend part of week in DC as he tries to Trump-proof state policies
-
Missing California woman found alive after 12 days in the wilderness
-
Why The Bear Star Will Poulter's Fitness Transformation Has Everyone Saying Yes, Chef
-
Officer put on leave in incident with Tyreek Hill, who says he's unsure why he was detained