Phaedra Parks, former star of “The Real Housewives of Atlanta,” made headlines recently by gifting her oldest son, Ayden, a whopping $150,000 for his 13th birthday. Rather than opting for traditional gifts like a dirt bike, Parks decided to invest in Ayden’s future by providing him with the means to purchase his own property.
In an interview with People, Parks shared that Ayden expressed a desire to either receive a dirt bike or find a way to make money for his birthday. Recognizing the opportunity to instill financial literacy and responsibility in her son, Parks decided to offer him the substantial sum to invest in real estate.
Ayden, already showing an interest in diversifying his financial portfolio, is considering options such as multi-unit duplexes and rental properties. According to Parks, Ayden is also delving into cryptocurrency and researching strategies to become a millionaire before the age of 25.
Parks emphasized the importance of providing her children with the means to build wealth and financial stability, acknowledging that her upbringing differed from her current financial status. She believes that early exposure to investing and financial awareness will pave the way for her children to be successful adults.
Despite their privileged upbringing, Parks ensures that her sons understand the value of respect, gratitude, and responsibility. Both Ayden and his younger brother Dylan are already well-traveled and have diverse interests, but Parks emphasizes the importance of instilling good manners and gratitude in them.
Phaedra Parks shares Ayden and Dylan with her ex-husband Apollo Nida, with whom she co-parents despite their divorce in 2017. Nida remarried while serving a prison sentence, but Parks remains dedicated to providing her sons with the tools they need to thrive in the future.