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What Trump said: Now it's our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt, and it'll all happen very quickly.

As the average student loan balance currently hovers around $40,000, some companies are helping employees pay down their balances through employer student loan assistance programs.

But Skydance and its backers also agreed to pump $1.5 billion into Paramount’s battered balance sheet so the company can pay down debt.

"We're thinking about giving 20% back to the American citizens and 20% back to pay down debt," Trump said in Florida this week, without giving further details.

Then build an emergency fund, pay down debt and consider increasing your income through side hustles.