Is myEcon The Scam Of The Year? Full myEcon Review 2019
In my daily browsing in Work from home related Facebook groups, I’ve noticed that myEcon is often mentioned as one of the best options to make money online with low cost and unlimited earnings potential. Is myEcon legit or scam? I had to do the full research to find out the truth.
Now you have all the facts before you before you make a decision to join.
In this review, I’ll try to answer all the possible questions you might have about this website, including the pros and cons, ways to earn and payment options.
||Multi-Level Marketing focused on Personal Finance and Credit Score|
|Rating||🙂 3 out of 10.|
||$34.95 monthly membership fee. Additional cost for any product|
||♥ Products might help to improve the credit score and financial discipline|
|Cons|| ♠ Too many elements of a pyramid scheme
♠ No really unique products. All by third parties and mostly overpriced
♠ No transparency, compensation information is not publicly available
Note: As an Amazon Associate, I earn from qualifying purchases.
What is myEcon About?
myEcon positions itself as the ultimate solution for Personal Financial Success.
Based on the “About Us” section at the company’s website, it was founded in 2005 by a small group of entrepreneurs (who are not mentioned on the website). The company’s name stands for My Economy, as its declared vision is to empower individuals to achieve financial success.
By digging through the internet, I found that the owners are Ivey Stokes and Alvin Curry, former Chairman and CEO of Maxxis Group Inc. This MLM style company declared bankruptcy in 2003. Larry Gates, the CEO/COO of myEcon was involved in Maxxis as well.
Here are Stokes and Curry LinkedIn profile pictures.
I’m a bit skeptical about the company’s success, as their flag promo video, the Opportunity video, on the myEcon.net homepage is of poor quality and dated as of 2015.
All the other information on the home page is the exact transcript of the video mentioned above. I’ll save you the reading time with a quick summary:
myEcon’s Personal Financial Success System offers three Cash Flow Strategies:
- Minimize taxes by correcting W-4 tax form and maximize business tax deductions via home-based business.
- Generate business income by promoting myEcon membership and products.
- Accumulate assets by investing the profits in various passive income streams, such as real estate, stocks, bonds and more.
myEcon Product Lines
myEcon’s website offers multiple products: identity theft protection, credit improvement system, cash flow manager software, travel booking, health and nutrition, coffees, cash back shopping mall, road assistance, and credit monitoring.
When I look at this list, I wonder what does cash flow management have to do with multi-vitamins? Why are coffee products sold by a company striving to help people to improve their finances?
It seems like this list was compiled by some Jack-of-all-trades, attempting to include different items under the same roof.
I’ll talk about specific product categories in more details later on. But first things first.
How Does myEcon Work?
There is no information about the membership costs and the compensation plan on myEcon’s website. Only when you start the registration process, you’ll see what the monthly fee is, but still will have no clue about the compensation.
I had to contact a myEcon’s member to get hold of the full compensation plan and member’s benefits details. She was very patient and answered all my questions. I really appreciate her help, though I’m not going to join.
As part of the sign-up process you are asked to provide your Social Security number but looks like it’s not a mandatory field (I hope so).
MyEcon Membership Cost And Benefits
To become myEcon Affiliate you are required to pay a minimum $34.95 per month.
What would you get for this monthly fee?
- The title of “Marketing Director” to begin recruiting.
- Your personal cookie cut website with the address like <your-user-name>.myEcon.net. The only difference between this personalized website and the company’s main site is a small box at the bottom with Associate’s picture and email address. Some members also have an affiliate page on myEconleads.com. Mrs.X’s page has only 4 videos there, one of them broken, one is the same video from the company’s home page, and two testimonials.
- Unlimited training weekly and even daily. Take into account that the training is only related to promoting myEcon and its products. Not too much to take with you if you leave the service.
- Team support, if you sign up through an existing member. The quality of this support may vary from team to team. Some teams have closed Facebook groups and hold weekly webinars on different topics related to myEcon.
MyEcon compensation plan
Check the complete plan below, with all the definitions on the second page. I wonder how long you’ll have to stare at it to finally give up any attempt to comprehend the real meaning. One question that comes to mind with all the clutter of details presented, is what does this company trying to hide?
My instinct told me to run away after I saw this plan, as I prefer simple commission structures.
In general, for the first two direct referrals, you’ll get $10, for all others $35 and additional commissions for their sales. If your direct referral signs up someone else, you get $25 for two “second generation” referrals.
I don’t see the point in explaining it in more details here, as you can see it yourself from the table above. You have to pay a monthly fee and consistently bring new referrals to build substantial income, as the referral commision is not recurring.
Here is a short video demonstrating the idea:
My main conclusion from looking at this multi-level table is that the company’s flag product is its referral program with way overcomplicated compensation plan. In my opinion, this is an amber sign of a pyramid scheme scam. You can read more about scam alerts in my post “Seven ways to avoid online scam”.
Do you want to check out my top recommendation for starting a new business? Not a “get rich quick” scheme, but proven way with step by step training to make profits in any niche. Start as a free member and check it out.
myEcon Network Marketing Products Review
There are nine main product lines, represented on this picture from the homepage:
Product #1 – myEcon Cashback Mall
To get access to myEcon’s cashback mall, you have to pay a yearly membership fee of $12.95. This is an absolute RIP OFF, as there are so many free cashback websites that offer much better cashback rates and even sign up bonus.
Here is a small comparison table of the cashback rates from similar websites:
|The Body Shop||4%||8%||4%|
You can see how much better the FREE sites are. If you didn’t do it yet, join TopCashback or read my full review for more details. Ebates is also a legit website, although the cashback rates are lower.
The real question here is why such a huge difference?
The retailers are willing to pay to various cashback malls pretty much the same commission for bringing in traffic. The malls pass part of this commission to the customers and keep the rest. For example, TopCashback promises to pass ALL the amount to the customer and you can see that their rates are the best. In case of myEcon’s Cashback Mall, the lion’s share of the commission is kept by the owners and only small part passed to the members. Plus myEcon charges a yearly fee for this service.
Product # 2 – myEcon ID Defender Service
The price of the package is $8.99 per individual or $14.95 per family (up to 5 members). As a comparison, my family has got identity theft insurance with Geico for about $80 per year.
Legal services are provided by Legal Club of America. This might be a valuable product, though there are many similar programs and you need to check if any participating attorney is available in your area.
Product #3 – myEcon Smart Credit System
Actually, there are two sub products in the Smart Credit System: 750 CreditPlan and Income Shifting.
The price is $99 one-time payment.
750 Credit Plan
750 CreditPlan promises to improve your credit score using step by step videos, dispute letter templates, and other little-known sources. This service can benefit members with low credit score who wouldn’t take any action to fix it without external help.
Anyone can and should download the credit reports from three main credit bureaus for free once a year at Annual Credit Report https://www.annualcreditreport.com/index.action
There are many free resources on the web for credit monitoring and improvement. Amazon offers a good selection of books on credit repair in the $9-$18 range. The templates of relevant documents are available as well. For example, about a month ago I’ve downloaded 4 escalation letters from the web for free.
If I was looking to improve my credit score, I would use the free and low-cost resources first.
There is no additional information on the website about the Income Shifting tool, but according to Mrs. X. it helps to learn how to correctly fill a W-4 form, manage expenses and invest money.
W-4 form update
When you start a new job, you are required to fill a W-4 form (Employee’s Withholding Allowance Certificate) that determines tax withholding based on the claimed allowances, such as the number of dependents one has.
Well, you know that the IRS looks at our taxes annually, so you can’t really save any taxes by filling W-4 with more credits. You’ll be able to earn something from it only if you invest the monthly difference in short-term instruments (till the annual tax return payment).
On myEcon website, they mention a $500 monthly shift in taxes. It means $6,000 annually. To be able to shift this amount, you will need to have a big income, to begin with.
Next, myEcon’s presentation mentions an investment at 8% rate of return. Well, there is no such risk-free return in the US now, especially not in the short term. You can get up to 2% if you use a high yield saving account outside of your bank. A quick calculation tells me that you might make about $60 from the extra $500 cash flow per month. It’s worth less than 2 months of membership in myEcon.
The timing of the tax payments is the only major difference. What’s better? Smaller monthly income and big tax return or bigger monthly cash flow and no tax return or even having to pay the IRS at year’s end? The answer might be different for different people. Some would spend the money if it comes monthly, but save the tax return.
The Best Free Personal Finance Software – Personal Capital Tool Review
Additional tax deductions
That’s right, you can deduct various expenses as a business owner, but there are many tax rules to consider. One of the ideas raised in the myEcon video is to employ your kids and pay deductible wages.
Maybe you’ll be able to deduct, but the child will have to pay income taxes. Here is a quote from the IRS website:
Taxes might be much more complicated if you have more than just the W-2 to report. I would not rush to declare myself as a business owner and report additional deductibles without consulting with a certified accountant. As your taxes become more complex, you probably won’t be able to file them using simple software like Turbotax. You’ll have to pay several hundreds of dollars to a CPA.
As there is no free trial, I didn’t have the option to fully test the product and had to guess what it means. Looks like a calculator that predicts the value of an investment after a certain period based on several parameters like initial amount, estimated return, inflation etc.
There are plenty of similar calculators available on the web. Here is one example from the official Investor.gov site: https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator
I wouldn’t pay money for this type of service. If you feel that you need financial advice, ask your banker first or hire a licensed professional financial advisor who would take into account all the details of your personal situation before providing any recommendation. An automated calculator might miss important aspects of your financial realm and lead you to a bad decision.
Product #4 – myEcon Credit monitoring
In addition to 750 CreditPlan, there is the “750 Monitoring” product, offered at $23.95 bi-annual (every 6 months) price.
The subscription includes continuous Credit monitoring for Experian (only one of three major credit bureaus), report for any adjustments, score tracking history (during the subscription lifetime), additional credit reports (for $4 per report).
This is not a bad service, but you can get a FREE credit monitoring covering two bureaus, TransUnion and Equifax, from Credit Karma, which is considered one of the best credit monitoring options on the market.
Another free option is Credit Sesame.
Product #5 – myEcon Cashflow manager
The product is an online software that helps to organize and store financial transactions. There are two versions: simple version for $10.95 per month and a pro version for $19.95 per month. This is the only myEcon product that offers a 7 days free trial, but you need to pay for the first month anyway and then request a refund if you are not satisfied. I’d prefer the free trial without a credit card number required for the trial period.
The simple version has the following features:
The Pro version has the additional features:
The system might be useful for disorganized business owners without basic Excel skills, whose business involves various expenses. The problem is the cost.
There are many options for FREE financial software that provide the same functionality. To name a few – GnuCash, Buddi, AceMoney Lite, HomeBank, and Buxfer.
My favorite FREE Personal finance tool is Personal Capital. Read more about it in my review here.
Product #6 – Book Travel
Well, I’m not sure that this is a product at all. When you click on the Book Travel square on myEcon’s homepage you are simply redirected to Priceline website. I couldn’t find any special discount for myEcon’s members.
Product #7 – Health and Nutrition
Under this category, there are 2 product lines from Body One brand: Vitamins and MSM (Methylsulfonylmethane) supplements. This is an obscure brand and I couldn’t find any references to it anywhere else. I’m not going to get into a “prolonged analysis of” the efficiency of these supplements. Let’s just check the prices.
MyEcon sells 32 fl oz bottle for $36.95, or 3 bottles for $89.95, making it around $1 per daily serving.
You can find hundreds of multivitamin products on Amazon for $0.10-$0.25 per daily serving.
MSM is a sulfur found in body cells. It is believed to play an important role in the immune system. There are two products in the MSM category: capsules and lotion.
Capsules are sold in bottles of 90 capsules each for $19.95 per bottle (there are also discounted options for 3 or 12 bottles). The price is about 22c per capsule. A comparable product from Kala Health is usually sold on Amazon for under $25 for 250 capsules (about 10c per capsule) – about half of the price of the product on myEcon.
Product #8 – myEcon Coffees
There are two products in this category:
- Aloe Gano (Black Arabica Coffee with Aloe Vera Extract) – 20 stick packs for $16.49. Aloe Gano was offered at Amazon in the past, but not anymore. About 50 reviews of the product were deleted
- NuviaTrim (a coffee with weight optimizing herbal extracts) – 30 sachets for $19.99. NuviaTrim can be bought on Amazon for $19. It has a 3.5 stars rating with many complaints about watery taste.
I’m not an expert in weight optimizing coffee, therefore I can’t opine on the quality of these products. Pricewise, there is nothing special compared to Amazon.
Product #9 – Road Assistance
This product offers the standard package of towing, battery jump start, flat tire change, lockout service, gas delivery, winching, and dispatch service. The cost is $7.99 per month.
As with other products, the service is provided by a third party vendor, United States Auto Club, Motoring Division, Inc.(USAC/MD). You can get exactly the same price by enrolling directly on their website. https://enrollanddrivetoday.com/about-us/
But first, check your existing car insurance. These services might be included in your policy.
Who Is The Right Audience For myEcon?
There are millions of people in the US who neglect their personal finances and have no clue about the cash flow management and the correct way to file taxes. These people won’t search Google for free cash flow or credit monitoring tools, not being aware that they need them. Signing up with myEcon might help them raise the attention level they pay to their finances, save money, improve credit score and do better financially.
People with broader financial knowledge and discipline will find out quickly that there is no unique value in myEcon’s products. with little searching effort, same or similar products can be found for less if not for free.
Is myEcon A Pyramid Scheme?
Well, this is in kind of a grey area. It’s not a pure Ponzi scheme, as the company does offer some real products, but as I said above, the main feature is the referral program itself. All the other products are offered by third party vendors and are either overpriced or quite standard. You actually don’t have to be myEcon’s member to buy any of these products.
In this case, what is the monthly fee paid for? Looks like only for the opportunity to be part of the referral pyramid and bring in new members.
Before joining any shiny program that came your way from browsing the web or was sent to your email, take time to do some checks. It might save your money from a scam.
Download my free Scam Detection guide below.
Can I Make Money With myEcon?
Yes, you can, if you feel comfortable participating in a lookalike pyramid scheme and selling overpriced products to people in financial distress. It may even feel good to help someone improve their credit score or sort out the expenses. But be aware that you make them pay for it much more than they could by using alternative products.
In order to get new referrals, you’ll have to chase potential prospects, be it your friends, colleagues or complete strangers on social media.
How to Start a Business When Working Full Time?
Even though myEcon can be a legitimate company, I don’t recommend joining this program, as it has too many elements reminiscent of a pyramid scheme:
- Overcomplicated 6+ generations referral program plan with different seniority levels that is not openly available on the company’s website.
- No free trial, only a promise of immediate cancellation upon request.
- Weird mix of unrelated, ordinary and overpriced products. All the products are available for non-members as well.
- Membership fee only allows joining the pyramid and getting training on how to attract others to do the same.
- Paid Cashback mall offers ridiculously low cash back rates for an annual fee, providing an insight into the quality of the program as a whole.
- The main focus is on taxes and financial advisory. I’d prefer to consult with a licensed financial professional who knows my personal situation. Misinformed tax advice can get you owing taxes at the end of the year. In the worst case, it can end up with an IRS investigation and penalties attached.
- The owners have a history of bankruptcy with a similar company in the past. myEcon could be shut down in a similar fashion at some point as well.
If you are looking for a real way to start an online business from home, there is a much better option that allows you to build your own website and make money from multiple affiliate programs.
Wealthy Affiliate offers free starter membership, unlimited training for making money in any niche, free website hosting, keywords research tool and much more.
You can read my full Wealthy Affiliate review for more details.
If you are an Action Taker, start your free trial now, no credit card required.
Please feel free to share on social media.
What is your experience with myEcon? Share it with me in the Comments below.
29 thoughts on “Is myEcon The Scam Of The Year? Full myEcon Review 2019”
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Just another Wealthy Affiliate review designed to bash one company to promote their opportunity. I was a member of Wealthy Affiliate but saw this is exactly what they teach.
I have provided my reasons along with this opinion.
WA is very different company, not really an alternative to myEcon.
It’s just another option to build a side business, but one based on honest offers.
From one Financial Professional to another. You have done a lot of research about different company’s business practices. But, after investigating you. I found out that you are only intimated by the fact that you have not invented a business model that could make you featured as a top CEO. Like, you I have studied and I am licensed with 3 professional lines of business, as well as, having the tax profession under my belt. You need to recognize the opportunity to educate and streamline your opportunity and find a true way to place people in a position to become self reliant and competent in all matters which relates to finance fulfillment. Unless, you find a tool to promote a residual income for individuals to embrace as they begin their journey on to financial recovery. You are only a financial professional providing financial products to a person who may not keep your offering for an extended period of time. As, an entrepreneur I find it shameful to say the least that you consider yourself a professional while you verbally bash other companies for gaving the courage to personally develop people’s aptitude and learning potential.
I appreciate you take the time to write such thoughtful comment. My mission is to provide my personal opinion based on my own best research. Everyone will decide what’s best for him/her. While I understand that some people can make money with myEcon, I don’t see it as a sustainable business with unique products that provide more value for money than many other available options.
I wish you all the best if you decide to pursue this opportunity. It’s definitely not the right one for me.
It is not the right opportunity for you. I see hundreds of sights that aren’t a right fit for me. I would never bash their business. America consist of millions of people who aspire to have more in life and you justify yourself by something that doesn’t really tell that you are a true professional.
Are you seriously believing that you can write a scam review and not get bashed as an affiliate of Amazon? What happened to your professional background in finance and risk management business? Where is your legitimate landing page? You are going to publish a self made website and you are suppose to gain other affiliates for Amazon on this page. Really?
I’m not sure if I should reply to “Someone” with an email address of “somewhere@…”, but ok.
Looks like you have no idea what you are talking about with respect to Amazon, landing pages and self-made websites and I’m not going to explain here. I just wonder, if you are so successful with your myEcon business, why you spend your precious time reading reviews about it?
You didn’t say anything that factually proves I’m wrong in my opinion, which is a subjective opinion, as explained. Everyone is welcome to decide differently.
I could delete these comments, but I won’t, as they actually show what type of people are trying to defend this company and by what type of respectful arguments.
Thank you again for taking the time to respond.
Hi Mary! So, I’m an idiot and I already signed up for myecon. It’s pretty awful so far and absolutely feels like a pyramid scheme. I don’t really like promoting a business or products that aren’t legitimate so I probably won’t be making any money for myself. I would like to ask you though, aren’t pyramid schemes illegal? Aren’t there laws protecting people from these types of things?
I’m sorry to hear how you feel, but I appreciate your honest feedback. I hope you didn’t sink too much time and money in this business.
To your question: yes, pyramid schemes are illegal, but there is a grey area where it takes a lot of time to define a business as a pyramid. The creators try to disguise the scheme with some real-like products. And the owners of these businesses might be aggressive and try to suppress negative reviewers.
I’ll give you an example. There was a company called MOBE (My Online Business Empire) that created a scheme with growing up sales. It was a competitor of Wealthy Affiliates. Kyle, the owner of WA, published a negative review about MOBE and got sued by them for this. The lawsuit lasted from 2015 to 2018 and was not favorable for Kyle until… FTC shut up MOBE in June 2018. FTC claimed that MOBE bilked $125 million out of its customers.
You can read this AMAZING story in this post published by Kyle..
I won’t be surprised if myEcon ends up the same way. Some people are successful in making money with it, some are not. My main point about it is that there are no unique products to justify the price and it’s too much about recruiting others.
Don’t be discourage about starting your own business. Just move on to something better. We all learn by making mistakes.
I wish you success in your journey.
I mean I will say a lot of your info is off! I’m assuming the person you spoke to prolly isn’t having success I. Myecon therefore these crazy reviews. But they are legit. And the credit plan comes wit the monthly fee you only pay for monitoring. Personally I didn’t need myecon but got it checked it out and now help those who don’t know how to fix their credit and taxes. All of that comes in the 35 a month. So idk where your info is coming from. Tbh if you just want it for the credit repair then you only need it a mont and no need to renew but most keep it because of the good compensation plan. Reading these reviews it’s clear a lot of you ppl will be employees and working for someone else making them a lot of money for the rest of your lives. Get it together ppl. It’s 2018! Making money online is real.
I really appreciate your insights. I don’t think our opinions differ that much.
I agree that it’s possible to make money online in general and with myEcon specifically. However, I don’t think this is the best option out there.
My main point is that by promoting myEcon you depend on only one company that doesn’t have any great unique products, except for pyramid-like compensation plan. Everything they offer can be found online for less if not for free.
The only good thing they are doing, in my opinion, is helping people to realize they are not doing great financially and start some improvement. Too many people prefer to ignore their money and credit problems and don’t do anything about it.
My recommendation for those who want to start with getting a holistic picture of their financial situation is to use a FREE software called Personal Capital.
You can read my review of Personal Capital here.
This would be a great starting point.
Another idea is to read Dave Ramzey’s book “Total Financial Makeover”.
Wish you success online.
I just want to put my input on your article. Everyone is entitled to their own opinion but I believe opinions should be based off facts, testimonies, and actual individuals that use the products of MyEcon. Yes I am currently marketing for MyEcon and I truly have no complaints. I don’t come from a background of sales, I actually despise any relating to sales. With MyEcon I am actually helping individuals that want to make a change within their financial situation and how individuals credit negatively effects them. Let’s start by stating a few facts about becoming a marketing director. It is $47.90 to join into the company. With the $47.90 you receive the website, all the tools to successfully repair and rebuild your credit, AND income shifting. Income shifting is a great product for individuals that are currently employeed but are losing out on so much money due to taxes being withheld from their checks. We actually put $200 to $800 back into their take home pay. Now of course it depends on the individuals pay and every result is different. MyEcon also offers identity theft protection, budgeting training and tools, software protection and security, and I can go on and on. There is a $34.95 monthly fee. The join in fee and monthly maintence fee is very reasonable compared to many other companies. Joining into MyEcon, you don’t pay additional fees Because they come with the join in and monthly fee. We also have a strong team that doesn’t leave anyone behind and MyEcon offers 5 streams of income to all individuals. Your income doesn’t just come from referrals. Again, there is 5 streams of income. I will not get into too much but before you create an article, please state truths and not what you’ve viewed across the internet.
I truly appreciate you taking the time and providing your insight. When I did my research, I spoke with an actual member and asked very specific questions, like “What is included in the monthly membership?” Almost everything was sold separately. The official website is designed to provide minimal information. To me, it looks like they have a reason to hide it.
Then I checked every product as a stand-alone and couldn’t find any special value in them. The “Shopping mall” is a sad joke (did you ever sell this membership?). Other things are third-party products, not different from or cheaper than others on the market, that can be bought without any monthly membership.
As you know, taxes are calculated annually. The timing difference can’t bring you too much profit if you are not making a really high salary. I prefer certified CPA to address any tax issues and be responsible to represent me with IRS in case of an audit.
I can see how people can make money with this program. I even can see what type of audience can benefit from a help of myEcon members. These are people in financial distress who are not able to find the solutions on their own, even though it all can be found on the internet for free.
Financially responsible people are much less likely to need any credit repair or income shifting.
So yes, you can help those in distress with some advice, but it will cost them too much. Somehow, poor people always pay higher prices for everything.
Another problem with myEcon type of business is that you rely on just one company to bring you additional income.
What would happen to your business, if it’s shut down, as it already happened with these owners?
I honestly believe that being an intelligent individual as you appear to me from this comment, you can do better by building more stable and versatile business with multiple income streams, not dependent on one company.
Thank you, again, for sharing your opinion.
I have never heard of my Econ but it does sound fishy according to your review. And, yes, that’s true, always think twice for every company that charge for membership but does not even have their actual products.
From what you have stated, I find their referral programme really complicated and I still don’t totally get it even after thoroughly read their plan for three times. Maybe it’s just me being silly, but I think the best thing I should do is not to join it unless I clearly understand it.
Anyway, thanks for your detailed review! I find it really useful as I am trying to find ways to make online money recently!
I had the same issue with the plan. I stared at it for a while, read the notes, got backed to the tables, and still didn’t have a clear picture. I like simple things, not complicated. But the main issue, in my opinion, is that the income is mostly based on the referral fees and not on selling great products.
I’m glad you find the review useful
Hi Mary, thank you for a great insight into MyEcon.
I did come across this a while ago and once I saw a mixture of products and an MLM structure I decided not to get involved. Something just didn’t stack up for me and even the name has the word “con” in it!
After reading your review I am very happy I turned this down.
Love your site… keep up the good work!
Thank you for reading the post. You’ve got the idea. I see people rave about myEcon and can’t understand why.
Probably most of them never tried to google for alternative products. You know, for many people, if you can make money – it’s great.
Even if actually it comes from a pyramid. They only care not to be the last one to join.
Not for me. I only recommend real things that are NO SCAM.
Saw this once before and i have to say thanks for this insightful content i now know not to ever go forward with them. Thanks again!
I’m sure people make money with myEcon. But there always were and will be people who make money on pyramids. My main issue with myEcon is lack of original products. When most of the income comes from referrals and not from products – it’s a pyramid. So my opinion is quite negative and I don’t recommend them, as I think the source of new members will dry out and if this company is the only income stream you have, you’ll be in trouble.
Yeah this company is definitely in the grey area! Any company that charges you a monthly fee with no product to go with it is sketchy! I know know after reading this article I wouldn’t join it! Thanks for all the info on it! It was very thorough!
I’m glad that this post helps you to make a decision. myEcon is very popular now in work from home groups, but it’s not really a work.
Everyone can decide if it’s the right fit for him/her, but it should be done with all the information available.
Wow, what a comprehensive article you got there. You have answered pretty much everything one can think of about this company. After reading the review, I am able to make a final decision whether or not to join this company. They seem to have all kinds of products. I also think many of their products are overly priced. Even though this program is not really a scam but I wouldn’t feel comfortable promoting something like that either. Thank you for putting this together to keep others informed on what is good opportunity and what is not. You’ve done a great job.
I’m glad my review helped you to understand what myEcon has to offer, pricing and quality of their products.
With so many opportunities out there, I’m sure you’ll find something that suits you.
All the best,
I say if it looks like a duck and walks like a duck, it is most likely a duck. Similarly, if it looks like a scam, run for the hills! This may not specifically be called a scam or pyramid scheme, but it is too close to that for my comfort. If the main source of income is for referrals, it sounds too fishy to me. I can imagine that a really good salesperson could make some money with it, but I have more scruples than that.
Thanks for this very useful information.
I think we share a similar point of view. I wouldn’t feel comfortable marketing this company and its products. But apparently, many people either can’t judge or are fine with promoting stuff that can be obtained for free. That’s why we are here to help
Thank you for stopping by
I tried all the free options and I read Suze Orman,, Dave Ramsey and Michelle Singletary. My Econ however is the first option that gave a blueprint to financial well-being that worked for me. I can’t speak for others. Only me. Additionally, I have joined MOBE and it was awful. MOBE AND My Econ are NOTHING alike. I can hear you and listen to your critique and your self promotion for your affiliate marketing pitch respectfully but with the MOBE comparison , you are just plain wrong. Those guys with MOBE were so fake and were selling absolutely nothing of value for ridiculous prices. MyEcon has improved my financial health and that of many many others. You are entitled to your review and opinion like anyone else but please reconsider the MOBE comparisons. I lived through it and believe me there is absolutely NO comparison there.