How much do you need to make to afford a 20 million dollar mansion?

[jamartheg]

[jennifer_bloom]

Once you enter the multi millions category, you can generate passive income by buying businesses and hiring other people to manage them for you. It’s how Jackie Kennedy changed her 10,000,000 to 100,000,000 and how Elin Nordegren changed her 100,000,000 to 200,000,000, by investing and buying and and hiring people to manage her money so she can lounge around and play golf while having Nannie’s do the work.

[PragmaticProfit]

Your perspective on this might need reconsideration. Individuals who can afford $20 million mansions don't typically maintain such lifestyles through W2 or salaried incomes. Instead, it's their assets and businesses that fund these opulent ways of living. As someone working in financial planning, I can attest to this.

[exitseven]

If you have to ask, you cannot afford it. just the mortgage is 60K a month.

[jamesgoldman]

Easily a million in upkeep per year plus the mortgage payments

[jamesgoldman]

Actually make, an associate of mine has a £12 million estate and earns around £3M a year

[In_Trance]

It's not the price of the mansion; it's the amount of the mortgage. How much are you putting down? What are the payments per month?

[NathanDavis]

4,758,640 dollars... give or take

[Anonymous]

Just save