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Even with a steady, regular paycheck, life can be expensive. That’s why creating passive streams of income can be an excellent idea, allowing you to make money when you’re working your regular job, spending time with your family, on vacation or even while you’re asleep.

There are many potential passive income sources, each with different benefits and levels of effort and upfront investment. The three main ways to generate passive income include investing, asset building and asset sharing.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.