Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Kendale King.
Today, Kendale is the newly appointed President of the Los Angeles Chapter of the National Association of Black Accountants (NABA) and a distinguished member of the California Society of Certified Public Accountants (CalCPA) Board of Directors.
With his newest venture, KCK CPA, Kendale is a leading authority in accounting and innovative financing solutions tailored specifically for creators. The company specializes in servicing businesses in the entertainment industry and companies in the crypto space.
KCK CPA offers Basic Compliance and Reporting, Strategic Financial and Asset Management, and Comprehensive Business and Investment Strategy & Development.
Kendale aims to inspire professionals through podcasts and presentations and shares daily financial news via his media website, thecapitalculture.com.
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
If you're about to make a change in your life
and you feel uncomfortable, that's the best.
Speaker 2 (00:05):
Feeling you can have because for the first time in
your life, you're making.
Speaker 1 (00:10):
A decision that's going to be best for you and
not what somebody told you to do, and that's when
all bets are off. Welcome to Money Making Conversation Masterclass.
I'm your host with Sean McDonald. Our theme is there's
no perfect time to start following your dreams. I recognize
that we all have different definitions of success. For you
and maybe decide to your AHA, it's time to stop
(00:32):
reading other people's success stories to start.
Speaker 2 (00:34):
Living your own keep winning.
Speaker 1 (00:40):
As I always say, I am the host Rashan McDonald's
host this weekly Money Making Conversation Master Class show. The
interviews and information that this show provides is for everyone,
and it's time to stop reading other people's success stories
and start living your own. My guess is the newly
appointed president of the Los Angeles chapter of the National
Association of Black Accountants. Please welcome to Money Making Conversation Masterclass.
(01:05):
Kendale King, How.
Speaker 2 (01:06):
Are you doing? Kendale?
Speaker 3 (01:08):
I'm doing good, doing good and you know, everybody always
you know with these intros makes me sound cooler than
I think I am.
Speaker 1 (01:14):
But well, guess what, CPA, you pretty cool to me,
my friend, You pretty cool to me because I don't
even do my taxes. Okay, I have to have somebody
like you do my taxes. That's been even with the
easy form, I get nervous, mister King.
Speaker 2 (01:29):
So welcome to money making conversations of malt the class.
Speaker 3 (01:32):
Thank you, thank you for having me.
Speaker 2 (01:34):
Now.
Speaker 1 (01:35):
Now you know you're in California. Did did the world
start in California? Where'd you originally come from?
Speaker 3 (01:40):
You know? You know, I'm originally from Cleveland, Ohio. So
I was born in West Palmba, Sporida, but I lived
my life in Cleveland, and that's where you know, you
know I call home after you know, after graduating high school,
I went to Moorhouse So I did you know this
some time in Atlanta and I graduate with it there.
Then started my career off in backing down in Florida,
(02:04):
but didn't make it over to LA until twenty eighteen.
So a few years so I've been here, you know,
going on six years, seven years.
Speaker 2 (02:11):
Now, HBCU.
Speaker 1 (02:12):
Why why did you attend an HBCU?
Speaker 3 (02:16):
Man? Look, I tell you this. I was literally you know,
top of a class, all the good stuff, and you know, Mit, Harvard,
all them sending me letters to apply. I remember I
didn't know about a Morehouse at that time, but I
went to a session you know, that was happening at
John Hey, my high school, and at that time, you know,
(02:37):
I was doing the common app you know, applications to
getting high school being into college. You know, with h
with Morehouse, you can do the common app and they'll
take that. With Harvard, Mit, they just had all these
other different like questions you had to you know, talk
about what type of dream did you have yesterday? Type thing,
just like really expand on that. And it was for me,
(02:59):
it was just like, man, I got to keep jumping
through all these hoops in this joint. It makes no
sense to me and so for for me, and then
you know when I apply it to your more House
and it gave me in tuition scholarship. So it's like,
not only is this is my people telling me that
they want me, They see me, and they're willing to
(03:19):
put their money where their mouth is with it. So
that's you know, the main one of the main reasons
for me. And it was like freezing cold in Cleveland
and I have.
Speaker 2 (03:27):
To leave right. You know, it's really good.
Speaker 1 (03:31):
So let's let's talk about CPA accounting in general now.
And my degree is in mathematics. So again, just because
I have a degree in mathematics doesn't mean accounting falls
under that umbrella, because I'm telling you there's a different
level of respect for people who do accounting, and it's
a super level of respect people who are CPAs did
(03:53):
Was that a dream?
Speaker 2 (03:54):
Was that a goal? Is this something that you wanted
to do all your life?
Speaker 3 (03:58):
So it's interesting because you know the I didn't really
even know what a CTA was until I got into
high school. But for me, you know, growing up, I
used to I love playing games, you know, I love
entertainment and everything and all that. So you know, playing Monopoly,
playing you know, cash flow, you know, different types of
(04:19):
games like that. You know, I always had to be
the banker, you know, I'm like, give me the money,
let me do it. And so it was always intriguing
to me mind games or TJ puzzles, stuff like that.
So for me, you know, you know, just and then
growing up where I grew up, in the circumstances that
I have with my family, my mother's andle mother. We
you know, I had a you know, she had helped
every now and again, but basically was kind of doing
(04:41):
all that on her own. And you know, so we
have fams, we have financial issues, and so it was
always very apparent to me. And I think it's just
combined that, hey, I want to get money right, and
you know that was you know, I'm smart and I
can I can think, you know, critically, and but honestly,
at first, I thought I wanted to be a you know,
(05:02):
an architect. You know. My mother sat me down, was
like the you're good at math, Yeah, you know how
to do this here? And we literally googled careers that
you need to be good at mathing and architecture was
one of them. I started there and realized I sucked
at drawing. So I was like, yeah, this is just
this ain't for me. And so the next one on
(05:23):
this was accounting to some classes and I was like, oh,
I think this is it.
Speaker 2 (05:27):
Well, you know, it's a beautiful thing.
Speaker 1 (05:28):
Because like I said, I wondered around college for seven
years before I figured it out.
Speaker 2 (05:32):
So because I was just stumbling.
Speaker 1 (05:35):
I think about when I talk to people and I
have individuals like you with an account and background, people
go okay with Shan. You've had GPAs on the show before,
You've had accounting tax experts on the show before. What
makes mister King different? Well because his brand centers around
what I like to call and what he calls capital culture.
(05:56):
Tell everybody what that is?
Speaker 3 (05:59):
So capital culture essentially to you know, the thought process
is that it is. You know, usually I think people
have this this sense of what finance, what accounting tact
like it's just all boring. It's all, you know, you know,
just stuits and ties, long hours. You know, sure you
have you know, some a good job, you make some
(06:20):
you know, some money, but it's boring.
Speaker 2 (06:22):
You know.
Speaker 3 (06:22):
Where I feel like, you know, the experiences that I've
had is that it's all really it's really about the industries.
It's really about the community that you decide to go to.
And so me heavily being in an entertainment space. You know.
So when and when I say entertainment, I mean like production,
so movie, TV shows, the content creators, gaming, stuff like that.
You know, it especially within that type of culture, but
(06:46):
also within the you know, the African American black culture
as well, and so you know, when I'm when I
came up with Capital Culture, it's basically mixing all those
things together and you know, revolutionizing the way that we
interact and see finance accounting and not just being this
(07:07):
taboo thing that you don't want to talk about, but
something that you that's actually entertaining and something that you know,
you actually want to talk about and want to be
in and want to you know, be around.
Speaker 1 (07:17):
Well, it's really interesting because you know, I always try
to do my research when I before, and I always
do a pre call to my guests and just get
a sense can understand how I think in my philosophies.
And I went to a Capitol culturemedia dot com and
uh and.
Speaker 2 (07:32):
I saw I saw pictures of Mary J. Blo on there.
Speaker 1 (07:35):
I saw stories about Dapper Dain and uh for Real
and and uh JP Morgan and U Rihanna and Jermaine
dupri and and uh and I called up I called
up Kendall and I went, uh, mister King, Uh, you
know you got a lot of articles on your website. Uh.
(07:58):
I always like to give advice. Uh are you afraid
of any copyright infringement?
Speaker 3 (08:03):
You told me, sir, Yeah, no, so yeah, definitely. You know,
I remember that conversation was pretty funny. But you know
I have thought out to you know, my team, and
you know it's my my brother in law, Jamal, and
my my sister Kalina. So we are you know, the
engine behind that, you know. So you know, Jamal and
Coleena are the ones researching it, and we're creating these
(08:27):
stories from scratch. So it's not like we're taking it
from somewhere else and putting it on here. It's like,
you know, the research is being done and the connection
as it relates to finance is being you know created.
So it's not just you know, we don't try to
you know, find out in you know, oh this is
some gossip or anything like that, but we take things
(08:50):
that are trending, you know, or things that are happening
and find a way to connect that culture with the capital.
You know, So you know, not just talking about stuff
just to talk about it into to raise eyebrows or
be a you know, you know, just like Team Z
or anything. But actually, how does this you know impact
you know, people's pockets, how does it impact the economy
(09:12):
economy and you know, and figured out that way. But yeah,
it's a you know, all homegrown and honestly most of
the most of that credit and work goes to, you know,
to my team Jamala and Cleena who put that together.
Speaker 1 (09:23):
Yeah, because because like you know, I had to let
him know and hester Rashan calm down, we could he said,
we have a subscription where we get a license these photos.
Because that happens because again, you know, we have to
understand that I've never seen this done before the way
he's doing it. You know, this is an individual CPA background.
(09:46):
He's merging entertainment and finance together. That's something that unprecedented.
And he's also going to another step by creating the
stories on this website that he feels will be relatable
to your thought process, seeing about trademark infringement, copyright infringements, lawsuits,
(10:08):
all these things that in the IP world, you're that
word a lot, especially when you're moving into AI quote
unquote artificial intelligence. That is what you're talking about, and
that's what you're referencing and that's your motivation, correct sir, Yeah,
so that.
Speaker 3 (10:26):
You hit it right on the head. Anything that is
you know, involved in entertainment, all those issues and problems,
you know, bringing it and trying to make it as
digestible as possible. I also have a podcast called Hollywood Accounting,
which also goes into it, you know, you know, just
at a level of me just speaking to it, you know,
(10:47):
but you know, talking about gaming lawsuits and you know,
content creator deals, you know, moving into you know, into
new media and being accepted and you know, you know,
going into a higher level than just posting things on
Instagram or YouTube. But you know, as it relates to
you know, AI crypto, you know, all that stuff, and
(11:09):
just tech in general. You know, it's historically, you know,
people who aren't informed to get left behind. And so
I don't want to d left behind. I don't want
to you know, have you know, people who are subscribing
essentially to the same thought and same beliefs that I
have to get left behind either. And so that's why
(11:30):
it's been very important to me to make sure that
I'm staying on top of it as much as possible,
and then I'm also you know, sharing that information.
Speaker 1 (11:38):
You know, how I can wow, you know the thing
about it that I appreciated. And his name is Billed K. D.
Speaker 4 (11:46):
A l. E.
Speaker 1 (11:46):
Correct ken Dale King, and you're based in Los Angeles,
uh just been named president of the Black count of
California account Association. How why is that important to you
to have that role in your life now? Can deal?
Speaker 3 (12:02):
Yeah? I think, yeah, no, that's it's a big role
because again, accounting, you know, in general, again is already
a career that's looked at as not fun, you know,
avoiding it as much as possible. And so that's just
the general sentiment. So imagine you know, the you know,
the inclusion of you know, black and brown people in
(12:24):
the space too. I believe I read that there was
a statistic that the percentage of c pas out there
that are blacks are less than three or four percent,
you know, uh in in in the world, you know,
and there's hundreds of thousands of PCAs. So it's it's
that type of those type of statistics that you know,
(12:44):
are alarming to me because we need to understand finance
in order to do literally anything else, if you know,
especially if you want to have a business. You know,
a lot of lot a lot of time. Now people
are want to be entrepreneurs and they want to you know,
push forward, but if they don't have any understanding of
finances or even somebody that they know and trust that
(13:07):
you know, also has that you know, we really need
to do better of, you know, putting our people in
place to be educated and to you know, learn this stuff.
And so that's a big thing that I want to do.
Not only am I the president of the National Association
of Black Accountants out here for the LA chapter you
know in California, I'm also on the board of the
(13:29):
California Society of CPAs. And you know what I'm trying
to do with those positions is again push and educate
and try and solve this pipeline problem where you know,
people are seeing that there's a very big, you know
drop and interest in getting into the accounting you know
(13:50):
space in the accounting field. And so you know, where
I'm trying to fit in is again doing what i
can to show them that, hey, it's not all just
tash returns and long hours and you know, boring knights
and everything. There's also you know fun, you know, depending
on what you decide to do, and you know, bring
in gammafied education and Gammify events is kind of the
(14:12):
thing that you know, I'm kind of bringing to you know, everything, wow,
trying to make it fun.
Speaker 1 (14:16):
You're doing a fantastic job. We speaking to Kendale King. Uh,
he's uh, he's educated us. He's combining finance and entertainment
something that you know, you would never see it that way.
He's letting us know that numbers can be fun and
you can make a lot of money, but you need
to understand the process and be aware of all the
pitfalls that go all with it, go along with it.
(14:38):
That's what capitoculturemedia dot com is being made up. But
when we come back some more interesting information. One of
the things is why should people care about crypto AI.
When we come back, Kendale King would let us.
Speaker 2 (14:51):
Know, don't go nowhere.
Speaker 1 (14:53):
You just listening to Rushann McDonald money Making Conversation master Class.
Speaker 4 (14:59):
Please don't go anywhere. We'll be right back with more
Money Making Conversations Masterclass. Welcome back to the Money Making
Conversations master Class, hosted by Rishan McDonald.
Speaker 2 (15:17):
On my show today.
Speaker 1 (15:18):
It is the president of the Los Angeles Chapter of
the National Association of Black Accountant Kendale King. And before
I left them went to break, I brought up something crypto.
Speaker 2 (15:29):
We hit a lot.
Speaker 1 (15:30):
There's some venues named after crypto websites AI. Let's divide it. First,
let's start with crypto. What exactly is crypto? Kendale.
Speaker 3 (15:42):
Yeah, so crypto, you know, another term for you know,
just the overarching you know technology, digital assets, blockchain. But essentially,
at the end of the day, it is a way
where you know, the blockchain is allowing you to interact
with monetary transactions with one another. And that's the basic, basic,
(16:07):
most way I can say it. But and the reason
why it's it's something that isn't powerful, it is powerful
now is because you know, it's something that allows you
to interact with people through different borders. There's you know,
having control of your own money instead of putting it
into banks. Obviously, if you're you know, putting it on
(16:27):
a you know, like a coin base or something like that,
then obviously you're still using intermediar. But there's ways where
you can really own your own assets into your own
wives and have full control over that. And it's really
just in my opinion, it's the way of the future
and it's something that you don't want to be left
behind in And I know again that there's a bunch
(16:49):
of confusion and everything out there, but it really does
go it's really going to serve people well to just
educate themselves just a little bit to be able to
understand how to interact with it.
Speaker 1 (17:00):
Now when again that's another area, like you said CPS,
where people of color, especially black people, are not aware
of it, don't understand it. You know, Uh, we we're
trailing in the credit game. We're trailing in the game
to get loans for our small businesses, let alone trying
to understand what crypto is. Then it started dancing in
(17:21):
with AI, and AI is a whole new ball of
wax that we need to get a clear grip on
or understanding only what is your definition of what AI is?
Speaker 3 (17:33):
So artificial intelligence essentially, at the end of the day,
is a machine, you know, program that is allowing you
to you know that it is how do I say that,
I'm trying to say this as easy as possible. It's
able to perform tasks that like regular human intelligence you know,
(17:55):
can be done with it with a machine, and it's
done at super fast speeds. I am a big user
of chat GPT specifically and where I use it the
most within the accounting space is really automating certain tasks
or you know, helping me think, you know, out certain
thoughts of hey, I have this question, you know, instead
(18:17):
of using Google, where was my best friend before? You know,
and I would just search like, hey, you know, what's this?
Or tell me about that, you know, or does this
thing exist? You know, you can go on to chat,
GPT or other you know types of you know, websites
and programs to basically ask your questions and they can
really help you think things through. And that's just really
(18:40):
the best scratching surface obviously you can. Then you know,
you get into you know, higher level AI where they're
creating pictures out of words and you know, doing somen
like these complicated math problems and you know, everything like that.
But you know, for me, again at a very base level,
I'm using it to speed up mundane task or having
(19:03):
some type of thing that I can you know, kind
of spitball things with, and they write stuff for me,
you know, pretty quickly. It's easy to say, hey, here's
my idea, write this out, give me an outline, and
then I can start, you know, putting in my thought.
Speaker 1 (19:18):
Well, you know the interesting thing about it with your
CPA background, and I want to give another note. When
he was talking about the small number of black people
who are involved in the CPA industry. What does your
wife do, sir?
Speaker 3 (19:36):
My wife is also.
Speaker 2 (19:40):
You kind of like hoarding them there, you're holding them
under your house.
Speaker 3 (19:47):
Yeah, and we agree. Just had a we just had
a son in January. Congratulations, you know, well, thank you,
thank you.
Speaker 2 (19:55):
And you know, how can that son not be a CPA.
Speaker 1 (19:58):
I mean, it's a it's a legacy's built in here
now he's probably.
Speaker 4 (20:03):
Man.
Speaker 2 (20:05):
I love it. I love it. You know.
Speaker 1 (20:07):
The thing I love about talking to you, Kendall is that,
you know, there's a degree of frustration not saying that's
a bad thing because of the fact that you're on
his should to help us out, educate us, give us
platforms that you're personally building. You have a podcast that
you're personally hosting. You have a wealth site called Capital
(20:28):
culturemedia dot com that the information on that website where
from Taylor Swift. Information, whether it's information about Pharrell and
his conflict with this singer Pink, whether it's Terrence Howard
and his legal lawsuits with the CIA. All this information
is put out there in the general public. What he's
(20:50):
doing that I love about it. He's getting rid of
the gossip side of it because that's what a lot
of it is. It becomes clickbait. But his is about information.
It's about the financial literacy of it all. And that's
where I want to go, the importance of financial literacy
speak to us Kendale.
Speaker 3 (21:09):
Yeah, so again I think it again real quick, just
even on the articles that we're posting. Again, all credit
and everything to you know, to my brother in law, Jamal,
who really spends most of all of the time to
you know, putting that stuff together, and my sister Cleena,
who you know, they work together to put all that
stuff together. I provided the vision, I provided the you know,
(21:33):
the direction, and they really execute it on you know,
on doing a lot of that and so you know,
again kudos to them really, you know, thanks for you know,
building that platform with me and you know seeing that through.
But all in all, you know, I think we are
all understanding the you know, the issue of financial literacy.
And I think you can see other platforms out there
(21:53):
that have grown over the years, like Earn your Leisure
for example, who saw tremendous growth and success during the pandemic,
but you know, being able to put that on the
forefront and you know, in certain neighborhoods in certain communities,
talking about finances was a hush, hush, don't don't do that.
You know, let's you know, not you know, let's not
(22:14):
push that. You know, let's not talk about that. You know,
if Bill's gonna get paid the way they need to.
You know, I can you know, my mother has told
me stories of how you know, in the past, you know,
our family, you know, previous generations. You know, when checks
we're you know, we're a big thing of you know,
bouncing checks and you know, trying to tide them, you know,
to the next week and you know, and doing all
(22:36):
we can to you know, getting getting the loan to
you know, the whole Peter to pay, robbing Peter to
pay Paul type of situation. And you know, it's really
just because you know, historically, you know, there's been a
real big effort systematically to prevent education in general to
you know, the black folks, but even specifically, you know,
(22:58):
as it relates to finances and you know, accumulating wealth,
and so at this day and age where we have
able luckily and you know, definitely, you know, from the
efforts of you know, the people who came before us,
we have a little bit you know, a lot more
freedom and a lot more opportunities than you know we've
been given in the past. And so it is our
duty to make sure that we are being as literate
(23:21):
as we can when it comes to finances, because that's
going to be a major, you know, solution for us
to be able to succeed individually, as a youth, family unit,
and as a people.
Speaker 1 (23:35):
Well, it's important that knowing the numbers. You know, my
guess as a child, he liked playing with the numbers.
A lot of people were out there playing in the
mood he playing with the numbers. Wanted to be a banker.
He monopoly, He wanted to control the numbers. And then
he followed that passion. And I appreciate the fact that
you know, you tried other things before you found your lane,
(23:56):
which I think is important people hear that is that
Do you know this is what you want to do?
Speaker 2 (24:01):
Correct?
Speaker 4 (24:01):
King?
Speaker 3 (24:03):
Yes, yes I do.
Speaker 1 (24:05):
Now, as we close out here, how can we get
in touch with you? I know I mentioned the website
a lot, which is really great. I think people should
at least go over there, and I'm sure it has
contact us type information. How can we you mentioned your
podcast Hollywood accounting podcasts which people can find. How can
we get in touch with you?
Speaker 3 (24:25):
Yeah, you can definitely fign me on LinkedIn Kendell King CPA.
I'm probably the only one. And then also on Instagram.
You know, my handle is real Kindel King, so r
E A L. Kendell King and off have a YouTube
channel as well, Kendel Kings. But yeah, I'm definitely again there.
(24:47):
There hasn't been too many Kendel Kings out there, so
honestly at Google Search are probably you know, uncomfortable to right,
So that's the that's the best way to get in contact,
I would say for sure LinkedIn or well.
Speaker 1 (25:00):
My friend, it's been fantastic. Thank you for reaching out
to me and thank you for educating me. And more importantly,
your website, man is educating us all. There's a blog
in a sense because it's a it's constantly updated, it's
constantly reminding us that there's a fine line between gossip
and finances. And he crosses thatline with his website. He
(25:22):
crosses thatline in a very detailed manner with financial literacy
with his podcast. Thank you for coming on my show.
Speaker 3 (25:29):
Kendale King, Thank you appreciate it.
Speaker 2 (25:32):
Cool.
Speaker 1 (25:33):
This has been another edition of Money Making Conversation Masterclass
hosted by me Rashaun McDonald. I want to thank my guests.
You heard Donald Lamar, you heard Kendal King, and thank
you our listening to the audience. Joined us next week
and remember to always leave with your gifts, keep winning.
Speaker 4 (25:53):
Thank you for joining us for this edition of Money
Making Conversations master Class. Money Making Conversations master Class with
Roushan MacDonald is produced by thirty eight fifteen Media Inc.
More information about thirty eight fifteen Media Inc. Is available
at thirty eight fifteen media dot com. And always remember
to lead with your gifts
If you're about to make a change in your life
and you feel uncomfortable, that's the best.
Speaker 2 (00:05):
Feeling you can have because for the first time in
your life, you're making.
Speaker 1 (00:10):
A decision that's going to be best for you and
not what somebody told you to do, and that's when
all bets are off. Welcome to Money Making Conversation Masterclass.
I'm your host with Sean McDonald. Our theme is there's
no perfect time to start following your dreams. I recognize
that we all have different definitions of success. For you
and maybe decide to your AHA, it's time to stop
(00:32):
reading other people's success stories to start.
Speaker 2 (00:34):
Living your own keep winning.
Speaker 1 (00:40):
As I always say, I am the host Rashan McDonald's
host this weekly Money Making Conversation Master Class show. The
interviews and information that this show provides is for everyone,
and it's time to stop reading other people's success stories
and start living your own. My guess is the newly
appointed president of the Los Angeles chapter of the National
Association of Black Accountants. Please welcome to Money Making Conversation Masterclass.
(01:05):
Kendale King, How.
Speaker 2 (01:06):
Are you doing? Kendale?
Speaker 3 (01:08):
I'm doing good, doing good and you know, everybody always
you know with these intros makes me sound cooler than
I think I am.
Speaker 1 (01:14):
But well, guess what, CPA, you pretty cool to me,
my friend, You pretty cool to me because I don't
even do my taxes. Okay, I have to have somebody
like you do my taxes. That's been even with the
easy form, I get nervous, mister King.
Speaker 2 (01:29):
So welcome to money making conversations of malt the class.
Speaker 3 (01:32):
Thank you, thank you for having me.
Speaker 2 (01:34):
Now.
Speaker 1 (01:35):
Now you know you're in California. Did did the world
start in California? Where'd you originally come from?
Speaker 3 (01:40):
You know? You know, I'm originally from Cleveland, Ohio. So
I was born in West Palmba, Sporida, but I lived
my life in Cleveland, and that's where you know, you
know I call home after you know, after graduating high school,
I went to Moorhouse So I did you know this
some time in Atlanta and I graduate with it there.
Then started my career off in backing down in Florida,
(02:04):
but didn't make it over to LA until twenty eighteen.
So a few years so I've been here, you know,
going on six years, seven years.
Speaker 2 (02:11):
Now, HBCU.
Speaker 1 (02:12):
Why why did you attend an HBCU?
Speaker 3 (02:16):
Man? Look, I tell you this. I was literally you know,
top of a class, all the good stuff, and you know, Mit, Harvard,
all them sending me letters to apply. I remember I
didn't know about a Morehouse at that time, but I
went to a session you know, that was happening at
John Hey, my high school, and at that time, you know,
(02:37):
I was doing the common app you know, applications to
getting high school being into college. You know, with h
with Morehouse, you can do the common app and they'll
take that. With Harvard, Mit, they just had all these
other different like questions you had to you know, talk
about what type of dream did you have yesterday? Type thing,
just like really expand on that. And it was for me,
(02:59):
it was just like, man, I got to keep jumping
through all these hoops in this joint. It makes no
sense to me and so for for me, and then
you know when I apply it to your more House
and it gave me in tuition scholarship. So it's like,
not only is this is my people telling me that
they want me, They see me, and they're willing to
(03:19):
put their money where their mouth is with it. So
that's you know, the main one of the main reasons
for me. And it was like freezing cold in Cleveland
and I have.
Speaker 2 (03:27):
To leave right. You know, it's really good.
Speaker 1 (03:31):
So let's let's talk about CPA accounting in general now.
And my degree is in mathematics. So again, just because
I have a degree in mathematics doesn't mean accounting falls
under that umbrella, because I'm telling you there's a different
level of respect for people who do accounting, and it's
a super level of respect people who are CPAs did
(03:53):
Was that a dream?
Speaker 2 (03:54):
Was that a goal? Is this something that you wanted
to do all your life?
Speaker 3 (03:58):
So it's interesting because you know the I didn't really
even know what a CTA was until I got into
high school. But for me, you know, growing up, I
used to I love playing games, you know, I love
entertainment and everything and all that. So you know, playing Monopoly,
playing you know, cash flow, you know, different types of
(04:19):
games like that. You know, I always had to be
the banker, you know, I'm like, give me the money,
let me do it. And so it was always intriguing
to me mind games or TJ puzzles, stuff like that.
So for me, you know, you know, just and then
growing up where I grew up, in the circumstances that
I have with my family, my mother's andle mother. We
you know, I had a you know, she had helped
every now and again, but basically was kind of doing
(04:41):
all that on her own. And you know, so we
have fams, we have financial issues, and so it was
always very apparent to me. And I think it's just
combined that, hey, I want to get money right, and
you know that was you know, I'm smart and I
can I can think, you know, critically, and but honestly,
at first, I thought I wanted to be a you know,
(05:02):
an architect. You know. My mother sat me down, was
like the you're good at math, Yeah, you know how
to do this here? And we literally googled careers that
you need to be good at mathing and architecture was
one of them. I started there and realized I sucked
at drawing. So I was like, yeah, this is just
this ain't for me. And so the next one on
(05:23):
this was accounting to some classes and I was like, oh,
I think this is it.
Speaker 2 (05:27):
Well, you know, it's a beautiful thing.
Speaker 1 (05:28):
Because like I said, I wondered around college for seven
years before I figured it out.
Speaker 2 (05:32):
So because I was just stumbling.
Speaker 1 (05:35):
I think about when I talk to people and I
have individuals like you with an account and background, people
go okay with Shan. You've had GPAs on the show before,
You've had accounting tax experts on the show before. What
makes mister King different? Well because his brand centers around
what I like to call and what he calls capital culture.
(05:56):
Tell everybody what that is?
Speaker 3 (05:59):
So capital culture essentially to you know, the thought process
is that it is. You know, usually I think people
have this this sense of what finance, what accounting tact
like it's just all boring. It's all, you know, you know,
just stuits and ties, long hours. You know, sure you
have you know, some a good job, you make some
(06:20):
you know, some money, but it's boring.
Speaker 2 (06:22):
You know.
Speaker 3 (06:22):
Where I feel like, you know, the experiences that I've
had is that it's all really it's really about the industries.
It's really about the community that you decide to go to.
And so me heavily being in an entertainment space. You know.
So when and when I say entertainment, I mean like production,
so movie, TV shows, the content creators, gaming, stuff like that.
You know, it especially within that type of culture, but
(06:46):
also within the you know, the African American black culture
as well, and so you know, when I'm when I
came up with Capital Culture, it's basically mixing all those
things together and you know, revolutionizing the way that we
interact and see finance accounting and not just being this
(07:07):
taboo thing that you don't want to talk about, but
something that you that's actually entertaining and something that you know,
you actually want to talk about and want to be
in and want to you know, be around.
Speaker 1 (07:17):
Well, it's really interesting because you know, I always try
to do my research when I before, and I always
do a pre call to my guests and just get
a sense can understand how I think in my philosophies.
And I went to a Capitol culturemedia dot com and
uh and.
Speaker 2 (07:32):
I saw I saw pictures of Mary J. Blo on there.
Speaker 1 (07:35):
I saw stories about Dapper Dain and uh for Real
and and uh JP Morgan and U Rihanna and Jermaine
dupri and and uh and I called up I called
up Kendall and I went, uh, mister King, Uh, you
know you got a lot of articles on your website. Uh.
(07:58):
I always like to give advice. Uh are you afraid
of any copyright infringement?
Speaker 3 (08:03):
You told me, sir, Yeah, no, so yeah, definitely. You know,
I remember that conversation was pretty funny. But you know
I have thought out to you know, my team, and
you know it's my my brother in law, Jamal, and
my my sister Kalina. So we are you know, the
engine behind that, you know. So you know, Jamal and
Coleena are the ones researching it, and we're creating these
(08:27):
stories from scratch. So it's not like we're taking it
from somewhere else and putting it on here. It's like,
you know, the research is being done and the connection
as it relates to finance is being you know created.
So it's not just you know, we don't try to
you know, find out in you know, oh this is
some gossip or anything like that, but we take things
(08:50):
that are trending, you know, or things that are happening
and find a way to connect that culture with the capital.
You know, So you know, not just talking about stuff
just to talk about it into to raise eyebrows or
be a you know, you know, just like Team Z
or anything. But actually, how does this you know impact
you know, people's pockets, how does it impact the economy
(09:12):
economy and you know, and figured out that way. But yeah,
it's a you know, all homegrown and honestly most of
the most of that credit and work goes to, you know,
to my team Jamala and Cleena who put that together.
Speaker 1 (09:23):
Yeah, because because like you know, I had to let
him know and hester Rashan calm down, we could he said,
we have a subscription where we get a license these photos.
Because that happens because again, you know, we have to
understand that I've never seen this done before the way
he's doing it. You know, this is an individual CPA background.
(09:46):
He's merging entertainment and finance together. That's something that unprecedented.
And he's also going to another step by creating the
stories on this website that he feels will be relatable
to your thought process, seeing about trademark infringement, copyright infringements, lawsuits,
(10:08):
all these things that in the IP world, you're that
word a lot, especially when you're moving into AI quote
unquote artificial intelligence. That is what you're talking about, and
that's what you're referencing and that's your motivation, correct sir, Yeah,
so that.
Speaker 3 (10:26):
You hit it right on the head. Anything that is
you know, involved in entertainment, all those issues and problems,
you know, bringing it and trying to make it as
digestible as possible. I also have a podcast called Hollywood Accounting,
which also goes into it, you know, you know, just
at a level of me just speaking to it, you know,
(10:47):
but you know, talking about gaming lawsuits and you know,
content creator deals, you know, moving into you know, into
new media and being accepted and you know, you know,
going into a higher level than just posting things on
Instagram or YouTube. But you know, as it relates to
you know, AI crypto, you know, all that stuff, and
(11:09):
just tech in general. You know, it's historically, you know,
people who aren't informed to get left behind. And so
I don't want to d left behind. I don't want
to you know, have you know, people who are subscribing
essentially to the same thought and same beliefs that I
have to get left behind either. And so that's why
(11:30):
it's been very important to me to make sure that
I'm staying on top of it as much as possible,
and then I'm also you know, sharing that information.
Speaker 1 (11:38):
You know, how I can wow, you know the thing
about it that I appreciated. And his name is Billed K. D.
Speaker 4 (11:46):
A l. E.
Speaker 1 (11:46):
Correct ken Dale King, and you're based in Los Angeles,
uh just been named president of the Black count of
California account Association. How why is that important to you
to have that role in your life now? Can deal?
Speaker 3 (12:02):
Yeah? I think, yeah, no, that's it's a big role
because again, accounting, you know, in general, again is already
a career that's looked at as not fun, you know,
avoiding it as much as possible. And so that's just
the general sentiment. So imagine you know, the you know,
the inclusion of you know, black and brown people in
(12:24):
the space too. I believe I read that there was
a statistic that the percentage of c pas out there
that are blacks are less than three or four percent,
you know, uh in in in the world, you know,
and there's hundreds of thousands of PCAs. So it's it's
that type of those type of statistics that you know,
(12:44):
are alarming to me because we need to understand finance
in order to do literally anything else, if you know,
especially if you want to have a business. You know,
a lot of lot a lot of time. Now people
are want to be entrepreneurs and they want to you know,
push forward, but if they don't have any understanding of
finances or even somebody that they know and trust that
(13:07):
you know, also has that you know, we really need
to do better of, you know, putting our people in
place to be educated and to you know, learn this stuff.
And so that's a big thing that I want to do.
Not only am I the president of the National Association
of Black Accountants out here for the LA chapter you
know in California, I'm also on the board of the
(13:29):
California Society of CPAs. And you know what I'm trying
to do with those positions is again push and educate
and try and solve this pipeline problem where you know,
people are seeing that there's a very big, you know
drop and interest in getting into the accounting you know
(13:50):
space in the accounting field. And so you know, where
I'm trying to fit in is again doing what i
can to show them that, hey, it's not all just
tash returns and long hours and you know, boring knights
and everything. There's also you know fun, you know, depending
on what you decide to do, and you know, bring
in gammafied education and Gammify events is kind of the
(14:12):
thing that you know, I'm kind of bringing to you know, everything, wow,
trying to make it fun.
Speaker 1 (14:16):
You're doing a fantastic job. We speaking to Kendale King. Uh,
he's uh, he's educated us. He's combining finance and entertainment
something that you know, you would never see it that way.
He's letting us know that numbers can be fun and
you can make a lot of money, but you need
to understand the process and be aware of all the
pitfalls that go all with it, go along with it.
(14:38):
That's what capitoculturemedia dot com is being made up. But
when we come back some more interesting information. One of
the things is why should people care about crypto AI.
When we come back, Kendale King would let us.
Speaker 2 (14:51):
Know, don't go nowhere.
Speaker 1 (14:53):
You just listening to Rushann McDonald money Making Conversation master Class.
Speaker 4 (14:59):
Please don't go anywhere. We'll be right back with more
Money Making Conversations Masterclass. Welcome back to the Money Making
Conversations master Class, hosted by Rishan McDonald.
Speaker 2 (15:17):
On my show today.
Speaker 1 (15:18):
It is the president of the Los Angeles Chapter of
the National Association of Black Accountant Kendale King. And before
I left them went to break, I brought up something crypto.
Speaker 2 (15:29):
We hit a lot.
Speaker 1 (15:30):
There's some venues named after crypto websites AI. Let's divide it. First,
let's start with crypto. What exactly is crypto? Kendale.
Speaker 3 (15:42):
Yeah, so crypto, you know, another term for you know,
just the overarching you know technology, digital assets, blockchain. But essentially,
at the end of the day, it is a way
where you know, the blockchain is allowing you to interact
with monetary transactions with one another. And that's the basic, basic,
(16:07):
most way I can say it. But and the reason
why it's it's something that isn't powerful, it is powerful
now is because you know, it's something that allows you
to interact with people through different borders. There's you know,
having control of your own money instead of putting it
into banks. Obviously, if you're you know, putting it on
(16:27):
a you know, like a coin base or something like that,
then obviously you're still using intermediar. But there's ways where
you can really own your own assets into your own
wives and have full control over that. And it's really
just in my opinion, it's the way of the future
and it's something that you don't want to be left
behind in And I know again that there's a bunch
(16:49):
of confusion and everything out there, but it really does
go it's really going to serve people well to just
educate themselves just a little bit to be able to
understand how to interact with it.
Speaker 1 (17:00):
Now when again that's another area, like you said CPS,
where people of color, especially black people, are not aware
of it, don't understand it. You know, Uh, we we're
trailing in the credit game. We're trailing in the game
to get loans for our small businesses, let alone trying
to understand what crypto is. Then it started dancing in
(17:21):
with AI, and AI is a whole new ball of
wax that we need to get a clear grip on
or understanding only what is your definition of what AI is?
Speaker 3 (17:33):
So artificial intelligence essentially, at the end of the day,
is a machine, you know, program that is allowing you
to you know that it is how do I say that,
I'm trying to say this as easy as possible. It's
able to perform tasks that like regular human intelligence you know,
(17:55):
can be done with it with a machine, and it's
done at super fast speeds. I am a big user
of chat GPT specifically and where I use it the
most within the accounting space is really automating certain tasks
or you know, helping me think, you know, out certain
thoughts of hey, I have this question, you know, instead
(18:17):
of using Google, where was my best friend before? You know,
and I would just search like, hey, you know, what's this?
Or tell me about that, you know, or does this
thing exist? You know, you can go on to chat,
GPT or other you know types of you know, websites
and programs to basically ask your questions and they can
really help you think things through. And that's just really
(18:40):
the best scratching surface obviously you can. Then you know,
you get into you know, higher level AI where they're
creating pictures out of words and you know, doing somen
like these complicated math problems and you know, everything like that.
But you know, for me, again at a very base level,
I'm using it to speed up mundane task or having
(19:03):
some type of thing that I can you know, kind
of spitball things with, and they write stuff for me,
you know, pretty quickly. It's easy to say, hey, here's
my idea, write this out, give me an outline, and
then I can start, you know, putting in my thought.
Speaker 1 (19:18):
Well, you know the interesting thing about it with your
CPA background, and I want to give another note. When
he was talking about the small number of black people
who are involved in the CPA industry. What does your
wife do, sir?
Speaker 3 (19:36):
My wife is also.
Speaker 2 (19:40):
You kind of like hoarding them there, you're holding them
under your house.
Speaker 3 (19:47):
Yeah, and we agree. Just had a we just had
a son in January. Congratulations, you know, well, thank you,
thank you.
Speaker 2 (19:55):
And you know, how can that son not be a CPA.
Speaker 1 (19:58):
I mean, it's a it's a legacy's built in here
now he's probably.
Speaker 4 (20:03):
Man.
Speaker 2 (20:05):
I love it. I love it. You know.
Speaker 1 (20:07):
The thing I love about talking to you, Kendall is that,
you know, there's a degree of frustration not saying that's
a bad thing because of the fact that you're on
his should to help us out, educate us, give us
platforms that you're personally building. You have a podcast that
you're personally hosting. You have a wealth site called Capital
(20:28):
culturemedia dot com that the information on that website where
from Taylor Swift. Information, whether it's information about Pharrell and
his conflict with this singer Pink, whether it's Terrence Howard
and his legal lawsuits with the CIA. All this information
is put out there in the general public. What he's
(20:50):
doing that I love about it. He's getting rid of
the gossip side of it because that's what a lot
of it is. It becomes clickbait. But his is about information.
It's about the financial literacy of it all. And that's
where I want to go, the importance of financial literacy
speak to us Kendale.
Speaker 3 (21:09):
Yeah, so again I think it again real quick, just
even on the articles that we're posting. Again, all credit
and everything to you know, to my brother in law, Jamal,
who really spends most of all of the time to
you know, putting that stuff together, and my sister Cleena,
who you know, they work together to put all that
stuff together. I provided the vision, I provided the you know,
(21:33):
the direction, and they really execute it on you know,
on doing a lot of that and so you know,
again kudos to them really, you know, thanks for you know,
building that platform with me and you know seeing that through.
But all in all, you know, I think we are
all understanding the you know, the issue of financial literacy.
And I think you can see other platforms out there
(21:53):
that have grown over the years, like Earn your Leisure
for example, who saw tremendous growth and success during the pandemic,
but you know, being able to put that on the
forefront and you know, in certain neighborhoods in certain communities,
talking about finances was a hush, hush, don't don't do that.
You know, let's you know, not you know, let's not
(22:14):
push that. You know, let's not talk about that. You know,
if Bill's gonna get paid the way they need to.
You know, I can you know, my mother has told
me stories of how you know, in the past, you know,
our family, you know, previous generations. You know, when checks
we're you know, we're a big thing of you know,
bouncing checks and you know, trying to tide them, you know,
to the next week and you know, and doing all
(22:36):
we can to you know, getting getting the loan to
you know, the whole Peter to pay, robbing Peter to
pay Paul type of situation. And you know, it's really
just because you know, historically, you know, there's been a
real big effort systematically to prevent education in general to
you know, the black folks, but even specifically, you know,
(22:58):
as it relates to finances and you know, accumulating wealth,
and so at this day and age where we have
able luckily and you know, definitely, you know, from the
efforts of you know, the people who came before us,
we have a little bit you know, a lot more
freedom and a lot more opportunities than you know we've
been given in the past. And so it is our
duty to make sure that we are being as literate
(23:21):
as we can when it comes to finances, because that's
going to be a major, you know, solution for us
to be able to succeed individually, as a youth, family unit,
and as a people.
Speaker 1 (23:35):
Well, it's important that knowing the numbers. You know, my
guess as a child, he liked playing with the numbers.
A lot of people were out there playing in the
mood he playing with the numbers. Wanted to be a banker.
He monopoly, He wanted to control the numbers. And then
he followed that passion. And I appreciate the fact that
you know, you tried other things before you found your lane,
(23:56):
which I think is important people hear that is that
Do you know this is what you want to do?
Speaker 2 (24:01):
Correct?
Speaker 4 (24:01):
King?
Speaker 3 (24:03):
Yes, yes I do.
Speaker 1 (24:05):
Now, as we close out here, how can we get
in touch with you? I know I mentioned the website
a lot, which is really great. I think people should
at least go over there, and I'm sure it has
contact us type information. How can we you mentioned your
podcast Hollywood accounting podcasts which people can find. How can
we get in touch with you?
Speaker 3 (24:25):
Yeah, you can definitely fign me on LinkedIn Kendell King CPA.
I'm probably the only one. And then also on Instagram.
You know, my handle is real Kindel King, so r
E A L. Kendell King and off have a YouTube
channel as well, Kendel Kings. But yeah, I'm definitely again there.
(24:47):
There hasn't been too many Kendel Kings out there, so
honestly at Google Search are probably you know, uncomfortable to right,
So that's the that's the best way to get in contact,
I would say for sure LinkedIn or well.
Speaker 1 (25:00):
My friend, it's been fantastic. Thank you for reaching out
to me and thank you for educating me. And more importantly,
your website, man is educating us all. There's a blog
in a sense because it's a it's constantly updated, it's
constantly reminding us that there's a fine line between gossip
and finances. And he crosses thatline with his website. He
(25:22):
crosses thatline in a very detailed manner with financial literacy
with his podcast. Thank you for coming on my show.
Speaker 3 (25:29):
Kendale King, Thank you appreciate it.
Speaker 2 (25:32):
Cool.
Speaker 1 (25:33):
This has been another edition of Money Making Conversation Masterclass
hosted by me Rashaun McDonald. I want to thank my guests.
You heard Donald Lamar, you heard Kendal King, and thank
you our listening to the audience. Joined us next week
and remember to always leave with your gifts, keep winning.
Speaker 4 (25:53):
Thank you for joining us for this edition of Money
Making Conversations master Class. Money Making Conversations master Class with
Roushan MacDonald is produced by thirty eight fifteen Media Inc.
More information about thirty eight fifteen Media Inc. Is available
at thirty eight fifteen media dot com. And always remember
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