• Front End Product Quality
  • Back End Recruitment Plan
  • Support
  • Costs
  • Long Term Earning Potential
  • Short Term Earning Potential
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MyEcon (‘My Economy’) is an MLM (‘multi level marketing’) company that sells personal finance, debt consolidation, and nutritional products.

From a legal standpoint MyEcon is not a scam.

And their front-end products are considered by many to be legitimately useful for helping people to get out of debt and improve their credit score.

But the pyramid recruitment model means that you may struggle to make any good money as an Associate unless you’re able to build a strong downline.

MyEcon is probably best suited to those who understand the risks and frustrations that can come with getting involved with what is otherwise a legitimate MLM opportunity.

Overall: I’m going with a ‘neutral’ rating and the caveat that you should proceed with caution.


  • A legit MLM company.
  • Front-end products may have real intrinsic value.
  • Low-ish join up fees.
  • Established since 2005.
  • A+ BBB rating.


  • Might be difficult to make good money.
  • Cheaper alternatives to products potentially available.
  • You might lose money.

Payments and Ownership: I DON’T own or work for MyEcon. Nor am I affiliated with MyEcon in any way. If you have payment issues or need to get a refund – you’ll need to contact MyEcon directly. ALWAYS make sure that you understand the payment and billing arrangements BEFORE subscribing or buying anything.

Opinion Disclaimer: the content in this review is ultimately a reflection of my own opinions and is not intended to malign any religion, ethnic group, club, organization, company, individual, anyone, or anything.

Type:MLM / direct sales
Money-back guarantee?Various – product dependent
Rating:3 / 5
Recommended?Neutral / caution advised (details below)
How to join?Apply via their website

I’ve been using and reviewing online money-making systems since 2007.

And with the exception of the now defunct MOBE programme…

MyEcon is probably one of the most controversial ‘business opportunities’ that I’ve come across.

Because on the one hand…

The outspoken proponents of MyEcon are adamant that MyEcon is a legitimate way to make money online.

Whilst the critics claim that MyEcon is nothing more than a glorified pyramid scheme.

So which is it?

Can you really ‘grow your income’ with MyEcon?

Do MyEcon’s products actually have any intrinsic value?

Well you’re in the right place to get the answers.


I’m finally going to reveal the truth in my honest MyEcon review.

But without trying to persuade you to join up.

Or unfairly bash MyEcon to promote my own opportunity.

Here’s what I discovered.

Screenshot of the MyEcon Website.

Image credit:

What is MyEcon?

In a nutshell?

MyEcon (‘My Economy’) is an MLM (‘multi level marketing’)/direct sales company that sells personal finance, debt consolidation, and nutritional products.

The ‘MLM’ component means that members stand to make money by recruiting others to join MyEcon and take a share of their profits.

Such profits can arise through the ‘direct sale’ of MyEcon’s ‘front-end’ products.

The MLM recruitment structure means that it’s possible to build a ‘downline’ where you’re making money from the sales of your recruits’ recruits and so on.

I’ll explain more about MyEcon’s compensation plan in just a moment.

Who’s Behind MyEcon?

MyEcon was originally founded by Ivey Stokes and Alvin Curry in 2005.

But at the time of writing…

The Corporate Executive Team consists of Larry Gates (CEO/COO), Carliss Curry (CFO), and June Collier (VP Marketing).

Screenshot of the Bios for MyEcons Corporate Executive Team.

Image source:

How Do You Make Money With MyEcon?

As I said earlier…

You can make money by recruiting others as an ‘Associate’ to join MyEcon and take a cut of the profits generated through their direct sales and their downline’s direct sales.

I believe that you can earn $25 for each person that you recruit into MyEcon as an entry level Associate.

I think this increases to $50 per person as your ‘rank’ improves.

And you can make 10% from your downlines.

And of course…

You’ll profit directly from any retail sales of MyEcon’s products that you make.

I think the starting commission is 15% of the total order…

Which can climb to 25% as you ‘level up’.

But there’s more.

Because user reports that I’ve seen also claim that it’s possible to increase your monthly income by using MyEcon’s products for yourself.

Where you’ll supposedly be able to increase your ‘take home pay’ on your job by using MyEcon’s ‘correct tax withholding’ strategies.

MyEcon further claim that this can increase your take home pay by $200 to $500 monthly.

And their ‘smart credit system’ can supposedly ‘repair, build, and maintain’ your credit.

Plus, by setting up as a business you can allegedly qualify for deductions and expenditures that ’employees cannot’.

MyEcon also say that as an ‘associate’ you’ll benefit from their ‘income shifting’ and ‘business building’ strategies to potentially generate passive income through investing.

How Does the MyEcon Compensation Plan Work?

Like most MLM companies…

The compensation plan is somewhat baffling to the uninitiated.

So I’m going to refer you to this video by ‘Scott Houge’ who will guide you through how the plan works in more detail:

Video credit: Scott Houge

What Are the Products Being Sold?

There were 9 categories of products available when I checked.

You can find out more details on MyEcon’s website under the ‘products’ tab.

But here’s a quick overview of each.

Screenshot of the Product Categories Being Sold By MyEcon.

1: ID Defender

This is an identity protection suite that starts with online virus and malware protection…

And extends to monitoring suspicious activity relating to your personal information, bank accounts and more.

ID Defender members can also get help to stop fraud if it’s detected, restore your credit, and reimburse you for any ‘out-of-pocket expenses’.

Individual membership costs $8.99 per month.

2: CashFlow Manager

This is an online software system that can help you track your expenses.

Which can help you save money.

CashFlow Manager is free for 7 days and then costs $10.95 per month thereafter.

The Pro version is also free for 7 days and then costs $19.95 each month.

3: MyCredit System

This is marketed as a ‘credit education system’.

Which is supposedly able to help you improve your credit score, ‘eliminate debt’, and ‘grow your cash flow’.

You can access the system for a one time payment of $99.95.

4: Travel

When I clicked this tab…

It just redirected me to the Priceline travel website.

I couldn’t see any specific products that related to MyEcon.

5: Health and Nutrition

This section maps to two products.

The first is a liquid multi-vitamin called Daily Ultimate by ‘Body One Nutrition’.

The second one is an MSM supplement also by Body One Nutrition.

MSM is supposed to help with skeletal heath.

I’ve taken a different brand of MSM in the past to try and help with my damaged knee cartilage.

But I have no idea if it worked or not.

Screenshot of the Health Products Offered by MyEcon.

6: Credit Monitoring

The 750 Credit Monitoring system is designed help you take a ‘proactive’ approach to monitoring your credit score.

The system apparently monitors your Experian credit data and will notify you of any changes.

7: Coffees

It’s a bit random in my view…

By MyEcon also promote T’Amo Café Coffee.

Maybe this is to give you the energy boost that’s going to help motivate you to recruit more people into MyEcon!

8: CashBack Mall

The MyEcon CashBack Mall can help you save money when shopping online by giving you up to 30% cash back on your purchases made through MyEcon’s portal.

You can join the MyEcon CashBack Mall for free.

9: Roadside Assistance

And finally?

You can purchase MyEcon’s affiliated Road Assure roadside assistance.

Their 24/7 service costs just $7.99 per month.

Can You Get a Refund on the Products?


According to MyEcon’s Return Policy you can claim your money back within 30 days for ‘any Body One Nutrition, Nuvia Trim or T’Amo Cafe Coffee product’.

This only applies to retail customers.

The other products have their own individual refund policies.

How Much Does it Cost to Join MyEcon?

I’ve listed the prices that I could find for the products above.

Joining the Associate scheme so that you can benefit from recruiting others into MyEcon has its own pricing structure.

I couldn’t find any mention of the costs on MyEcon’s official website.

But my research suggests that it currently costs $19.95 upfront to join MyEcon at the entry level position.

And then $34.95 per month thereafter to keep your membership active.

Is MyEcon Legal?



Because although MyEcon operates a controversial recruitment structure on the ‘back-end’…

The sale of products on the ‘front-end’ makes the whole operation legit in the eyes of the law.

Why is MyEcon So Controversial?

It’s MyEcon’s recruitment model that tends to upset folks.

Because whilst the presence of the front-end products absolves MyEcon of being an illegal pyramid scheme…

The revenue flow still follows a pyramid structure.

I’ll explain why this can be a problem in the next section.

My Thoughts on MyEcon

Just to be clear.

I’ve not signed up to MyEcon myself.

So take what I’m about to say with a pinch of salt.

But I do have a good understanding of the pros and cons of MLMs on the whole.

So here are my personal opinions on MyEcon.

1: It Might Be Difficult to Make Good Money

Here’s my biggest issue with MyEcon.

Although it’s certainly possible to make money with MyEcon…

It’s probably going to be very hard to make a decent income initially.

This is because the ‘pyramid’ business structure means that those with the biggest downlines make the most money.

So if you’re struggling to recruit members into MyEcon you could have an uphill battle on your hands.

And whilst you might be able to pocket a few pennies selling MyEcon’s products and services at the retail level…

This might be harder than you think.

Because there are cheaper alternatives to some of the products online ($19.99 for some coffee! Come on now).

Which may hurt your ability to secure sales.

2: The Products Could Actually Be Useful

With that said?

Some folks have reported that the personal finance products are actually very good at solving a prevalent set of problems.

One user said that MyEcon taught him how to pay off his mortgage in 10 years instead of 30:

Screenshot of positive MyEcon product review.

Which is a pleasant contrast…

To the many borderline pyramid scheme scams masquerading as legit MLMs that I’ve reviewed.

Where you’re just paying for rights to learn how to resell the same recruitment opportunity to others.

3: You Might Lose Money

But putting aside the products for a moment…

If you pay to become an Associate and then fail to recruit anyone or sell any products…

You’ll lose money.

It might not be a lot when compared to some of the high ticket MLM funnels that I’ve seen before.

But it’s something to consider before you join up.


  • A legit MLM company.
  • Front-end products may have real intrinsic value.
  • Low-ish join up fees.
  • Established since 2005.
  • A+ BBB rating.


  • Might be difficult to make good money.
  • Cheaper alternatives to products potentially available.
  • You might lose money.

Conclusion: Is MyEcon a Scam or Legit?


Is MyEcon a scam or legit?

Well I think this question needs to be considered in two parts…

In respect to the front-end products and the business opportunity itself.

Which has thus led me to two contrasting conclusions.

Conclusion #1: MyEcon is Legit

MyEcon could be considered to be legit by some.

Because the front-end products supposedly carry real value that can help people get out of debt and improve their cash flow.

Conclusion #2: MyEcon is a Scam

But it could also be argued that MyEcon is a scam.

Because their business opportunity could be interpreted as misleading.

Since many folks will be unaware as to the mechanics of the pyramid cashflow structure which favours earlier members…

Which could thus make it harder for new recruits to make any money at all….

Or even turn a loss.

What’s the Final Word?

It’s a split.

If you know how MLMs operate and are fully prepared to take the risks…

Then MyEcon is probably one of the better MLMs because the front-end products have some value.

But if you’re looking at this as an opportunity to make money and don’t understand the pressures and risks that come with direct selling…

Then you could end up wasting both your time and money.

Overall: Neutral Rating + Caution Advised

I’m giving MyEcon a ‘neutral’ rating.

With the added caveat that you should proceed with caution.

Because the whole thing is dependent on the expectations and prior experience of each user.

What’s the Alternative to MLMs?

Are you put off by the pressures of direct selling?

Are you worried about spending money that you could end up losing?

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There’s no need to buy any stock.

And you can earn money passively.

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