Professional athletes like Kiefer Ravena know that success isn’t just about winning on the court; it’s also about making smart financial decisions with their earnings. In an exclusive chat, the basketball star shares his practical money spending habits that help him stay financially secure while preparing for the future.
Featuring his favorite Cocolife product – Flexi Protection – discover how it can help you achieve your financial goals, just like Kiefer!
"I try to write down my expenses and chart them accordingly—bills, business, extracurricular, etc. It may not be exact, but at least I have an estimate of how much I spend versus how much I earn."
Keeping tabs on your income and expenses is key to financial discipline. Whether through mobile budgeting apps or a simple notebook, budget tracking helps avoid overspending.
Cocolife’s Flexi Protection is a comprehensive insurance and investment plan that helps you monitor and grow your finances. It provides regular statements, showing how your investment is performing while offering peace of mind through its built-in life insurance coverage feature, helping you stay on top of your financial goals.
"I prioritize savings by having an end goal of something I want to achieve 10 to 15 years down the road. It’s always easy to spend when you have a high cash flow, but as athletes, we know we can't play forever."
Saving becomes easier when you visualize your future. May it be for retirement, a business, or a dream home, setting long-term goals keeps you motivated.
Flexi Protection is a plan that gives you life insurance coverage and helps your money grow over time. You can choose how long you want the plan to last, and when the plan ends, you can either get all your money at once or receive it in smaller, regular payments, based on what suits you best.
"I try not to enter stores where I know I'll buy something impulsively. Haha. I just avoid them so I don't have a reason to buy."
A simple but effective trick! If you know certain shops or online stores trigger impulse purchases, steer clear.
With Flexi Protection, instead of spending your money on impulse, you can use it to build your wealth through different investment options. You can pick from several funds depending on how much risk you're comfortable with—like the Peso Guaranteed Fund for safety, the Peso Fixed Income Fund for steady growth, the Peso Bond Fund for moderate returns, or the Peso Equity Fund for potentially higher gains.
"With family, I try to spend on experiences instead of something material; something we'll always remember and talk about for a long time."
Memories last longer than material items. From trips or a simple bonding moment, experiences create lasting value.
Flexi Protection protects you in the present through its living benefits. These include coverage for 56 critical illnesses, daily hospital income benefit, accidental death and dismemberment coverage, and even a waiver of premium in case of disability, allowing you to live fully while staying protected.
"I have a small group of friends, and we always split whatever we order or get."
Smart spending means being practical—whether dining out or traveling, sharing costs helps keep finances in check.
Flexi Protection gives you flexible access to your funds whenever needed. You can make partial withdrawals from your accumulated cash value, take policy loans in case of emergencies, and even enjoy a premium holiday after three years, giving you breathing space when life gets busy or unpredictable.
"First, don't get one if you know you can't control your spending. Second, put a cap on your credit card spending so you don't overlook important expenses."
Credit cards can be useful—but only if managed wisely. Setting limits prevents debt from piling up.
Flexi Protection makes it easy to stay financially disciplined with flexible payment options tailored to your budget. You can pay monthly, quarterly, or annually, and choose premium terms from as short as 5 years to as long as 20 years. Annual payments even come with added savings, making it practical and rewarding at the same time.
Kiefer's approach mirrors what Cocolife's Flexi Protection offers: financial security that grows with you while protecting what matters most.
Flexi Protection is an all-in-one life insurance and investment plan designed to help you build wealth while staying protected. It’s a plan that lets your money work as hard as you do.
Start your financial wellness journey today! (Consult a Cocolife financial advisor for complete details.) (SPONSORED CONTENT)