CBS News lists Yoodlize among "passive income ideas that really work"

Yoodlize was listed among "passive income ideas that really work," according to Aly Yale with CBS News' MoneyWatch. In her May 16, 2024 article, Yale notes that with inflation and interest rates high, many Americans are looking for ways to earn passive income to ease the financial strain.

Among the ideas listed are to open a high-yield savings account that offers 5% APY or more, which can have return $500 on a $10,000 deposit annually, or to buy into a Real Estate Investment Trust (REIT), which can return handsome dividends.

But for those who don't have a big chunk of change to invest, peer-to-peer rental platform Yoodlize offers a way to make money renting out things you already own, requiring no investment or business savvy.

Yale provides examples of Yoodlize users who made thousands of dollars renting out paddle boards and youth ski equipment.

Read the full article here.