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 16:46:16
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! (977)
Related
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
- See the heaviest blueberry ever recorded. It's nearly 70 times larger than average.
- Reba McEntire Denies Calling Taylor Swift an Entitled Little Brat
- Usher, Fantasia Barrino, ‘Color Purple’ honored at 55th NAACP Image Awards
- Georgia House Democrats shift toward new leaders after limited election gains
- Princess Diana's Brother Worries About Truth Amid Kate Middleton Conspiracy Theories
- Overnight shooting kills 2 and wounds 5 in Washington, D.C., police say
- 3 people killed, infant in critical condition after SUV slams into bus shelter in San Francisco
- 10 Trendy Bags To Bring to All of Your Holiday Plans
- Pierce Brosnan fined for walking off trail in Yellowstone National Park thermal area
Ranking
- Florida education officials report hundreds of books pulled from school libraries
- See the full list of nominees for the 2024 CMT Music Awards
- Kristin Cavallari Shares Photo of Boyfriend Mark Estes Bonding With Her Son
- Book excerpt: Burn Book: A Tech Love Story by Kara Swisher
- Knicks Player Ogugua Anunoby Nearly Crashes Into Anne Hathaway and Her Son During NBA Game
- Pierce Brosnan fined for walking off trail in Yellowstone National Park thermal area
- Vanessa Hudgens's Latest Pregnancy Style Shows She Is Ready for Spring
- Luck of Irish not needed to save some green on St. Patrick's Day food and drink deals
Recommendation
-
Wisconsin authorities believe kayaker staged his disappearance and fled to Europe
-
It’s March Madness and more people than ever can legally bet on basketball games
-
A second man is charged in connection with 2005 theft of ruby slippers worn in ‘The Wizard of Oz’
-
N.C. State's stunning ACC men's tournament title could be worth over $5.5 million to coach
-
John Robinson, successful football coach at USC and with the LA Rams, has died at 89
-
Get your 'regency' on: Bath & Body Works unveils new 'Bridgerton' themed collection
-
Biden to sign executive order aimed at advancing study of women’s health
-
What is chamomile tea good for? Benefits for the skin and body, explained.