A California nurse went viral showing how she paid off her student loans by 27 while making up to $500K a year — 4 ways to build wealth even if you don't make six figures

One of her videos — where she details her key steps to success — went viral on the social media platform last year, grabbing more than 2.9 million views and more than 289,000 likes.

However, most Americans aren’t able to pay off their student loans at the same speed as Reeves. In fact, the average student takes 20 years to pay off their student loan debt, according to the latest information from EducationData.org.

“Want your life to look like mine? Then listen up,” she said in the TikTok clip . “I don't think my life's that cool, but I am proud of what I've done to get where I'm at.”

As a CRNA, Reeves is an advanced practice registered nurse. Her job involves administering anesthesia and other medications to patients. CRNAs are the highest paid of all nursing specialties due to the high level of skill required to manage a patient’s anesthesia.

But whether you make $50,000 or $500,000, here are four things you need to do if you want to reach your own version of financial freedom.

1. Prioritize debt

Reeves admits that, like many Americans, she “did not have a penny saved going through anesthesia school," so she took out student loans.

But the first thing Reeves did when she finished school and started working as a CRNA was pay off her debt. Higher-interest debts like your credit cards or your car loan can weigh you down, but just because you have a high interest rate student loan, doesn’t mean you're stuck with it.

Refinancing your student loans gives you an opportunity to secure a lower interest rate and efficiently manage your debt repayment. Whether you’re a student seeking to refinance your loans or a parent preparing to fund your child’s upcoming school year, College Avenue is here to help.

College Avenue allows borrowers to access private student loans from $1,000 to 100% of the school-certified cost of attendance,

Getting started is simple, all you need to do is fill out the application – which is free of charge. Once you've selected the right loan, you can focus on paying down your debt with flexible repayment terms spanning from five to 15 years. By setting up auto pay, you can qualify for additional discounts and efficiently manage your loan.

One way to avoid going deep into debt for your or your children’s education is to start saving for it as early as possible so you don’t need to take out loans when it comes time for them to head off to college.

If you’re looking to start or boost your savings for your child’s future education early, a Wealthfront 529 account is an option worth noting. With this account, the money you set aside can grow tax-free, as Wealthfront handles the investing for you and automatically adjusts your risk over time.

The Wealthfront 529 plan allows you to pay for qualifying college-related expenses without owing any federal taxes on your distributions. You can easily track your progress and manage your contributions through the app. Whether you choose to add a lump sum to the account or make small monthly contributions, Wealthfront will allocate your deposits and rebalance your portfolio to reduce risk as it approaches maturity.

Starting to save for your child’s college education early means you can alleviate the stress of student debt later in life.

2. Put your savings to work

Even if you still have some lingering debt, one of the best ways to make your money last is to save money for when emergencies inevitably crop up. Even if you start with a very small amount, you should make sure you’re saving effectively — if you’re just letting your nest egg sit in a checking account not collecting interest, you’re essentially throwing money away.

Switching to a high-yield savings account will help your savings grow over time, and create a snowball effect: the more money you set aside, the more compound interest you’ll earn.

If you want to watch your money grow in your everyday accounts, consider a no-fee checking and savings account with SoFi.

Many Americans might overlook their daily accounts, only to find that their savings aren’t where they want them to be. Instead of losing out, you can earn 4.60% APY on savings balances – which is up to 10x the national average — and 0.50% APY on checking balances.

With SoFi, you can enjoy no-fee overdraft protection, early paycheck deposits and access to over 55,000 ATMs within the Allpoint network.

Speaking of deposits, sign up now and you can receive a bonus up to $300 for setting up direct deposit.

Remember, you don’t have to settle for your current bank account. Changing things up could earn you hundreds — or possibly thousands — in additional interest over time.

3. Invest for passive income

Once you’ve got a handle on your debt and have started to increase your monthly earnings, you should consider investing some of your extra cash for passive income.

It doesn’t have to be a lot at first — you can even start by investing your spare change with an app called Acorns. Just connect your credit or debit card to the Acorns app, and every time you make a purchase it will automatically round up the amount to the nearest dollar and invest it in a diversified portfolio.

If you’re ready to invest a bit more but are worried about the state of the stock market, there are a number of stable, recession-resistant assets out there that can help you minimize your risk. One solid option to consider is investing in fractional shares of single and multi-family rental units through Ark7.

With Ark7, you can purchase shares of income-generating rentals across the U.S, without the burden of taking on property management responsibilities.