Mike KoenigsAi Accelerator and Superpower Accelerator

Lost $500K? My Accounting Nightmare & Investment Lesson! #shorts

Name: Lost $500K? My Accounting Nightmare & Investment Lesson! #shorts
Uploaded: 2025-08-23T15:28:31+00:00
Duration: 52 s
Channel: Mike Koenigs
Description: Mike Koenigs recounts discovering that his accounting team failed to perform a task for several years, which he estimates cost him roughly…

23 Aug 2025 · 1 min

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0:52

Mike Koenigs recounts discovering that his accounting team failed to perform a task for several years, which he estimates cost him roughly $30,000–$50,000 annually over the last 10 years. He gives a worked example rounding figures (mentions $38,000 then uses $36,000/year → $360,000 total) and states that investing the missed refunds into the NASDAQ at an average 10.8% return would have grown to more than half a million dollars. He then introduces guest Nathaniel Ely of augustarule.com to discuss the issue further.

Questions this video answers

$30,000 to $50,000 per year.

He rounds to $38,000 then uses $36,000 per year in his example.

$360,000.

10.8% (average).

More than half a million dollars.

Chapters

Now, the bad news is I found out that my accounting team wasn't doing it for a couple of years. And if I look back at all the years I missed out and I actually did do the research, so I missed out on 30,000 to $50,000 a year for the last 10 years. So I'm going to just round it down, but to $38,000. So let's say I lost $36,000. $36,000 a year. That's $360,000, probably more. I did a little research with ChatGPT, and if I would have just taken that money that I would've gotten back and put it into the NASDAQ, I would've gotten an average rate of return of 10.8% back, which equates to more than half a million dollars. So if you like money, especially money you literally don't have to work for anymore, you're gonna love this episode. So I'm gonna introduce to you my friend Nathaniel ely from the augustarule.com thank you for being here, my friend. Yeah, thanks for having me, Mike. Appreciate it.