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myEcon Reviews (2023: Will This Really Boost Your Personal Financial Success?

By: JosiahDec 08, 2023Network Marketing
myEcon Reviews (2023: Will This Really Boost Your Personal Financial Success?

MyEcon is an MLM company based of of Georgia, USA.

They offer seemingly everything to their customers - ranging from managing your cashflow, all the way to selling you specialty coffee.

But can you truly be involved in so many industries, and maintain a high level of quality in your products? Especially from a network marketing company?

What's inside these programs? And how much does this all cost, anyway?

Let's dive in and find some answers.


This myEcon review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

  • Possible to earn some money
  • Been around since 2005
  • Most people are onto MLMs by now and are not interested
  • Low income
  • Jack of all trades, master of none with their products

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.


I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

Chances are you heard about MyEcon because someone - a friend or family member - introduced you to the company. Maybe you attended an online workshop or webinar, or maybe an in-person information session.

Your head’s probably spinning. This might be the first time you’ve heard about a real way to make money outside of a typical job.

So first off, congratulations!

You’ve just entered a whole new world...the world of making money on your own terms.

Living The Beach Lifestyle

However, you came in through the wrong door.

Because MyEcon is - plain and simple - an MLM. Throw whatever fancy name you want on it...multi-level marketing (MLM), network marketing (NWM), direct sales, or anything else, it’s the same concept:

You pay some money upfront for the “opportunity” to sell products.

The products are typically low-quality but with high price tags (because fancy labels and stuff).

You’re told that the key to building your own successful business is selling these products to friends and family, and getting them on a subscription (so you get “monthly recurring revenue”).

Unfortunately, like most people who get taken in by these types of schemes, you’ll quickly discover that the well runs dry faster than you imagined.

After all, they make it sound really simple. “Just get 5 people you know onto this magic widget, and things will just grow from there.”

And in your head, you think “How hard can it be? I know plenty of people, 5 will be easy.”

But then you do it, and you realize people look at you like you’ve joined a cult. You’ve become “that person”, who joined an MLM, and is now trying to sell questionable products or services to everyone they meet.

It puts a strain on your relationships, and you end up stuck between two worlds.

But it’s not your fault. These companies spend millions of dollars each year figuring out exactly how to brainwash and recruit people. And that’s why we’re here.

To help you find a better way before it’s too late.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Leasing.

Still Getting Paid

This is nothing like MLM, and that’s probably a good thing.

However, if you’d still like to know more about MyEcon, keep reading.

What Is MyEcon?

myecon reviews

myEcon is a Multi-Level Marketing company headquartered in the United States.

They boast that they are able to lead their recruits to a more successful life by selling or buying the MyEcon products, furthering their financial education after they join myEcon.

Now, before we go any further: it is assumed MyEcon is short for MyEconomy, and not MyE-Con, as in an online con-job.

Some people think it's sort of a funny name, considering the reputation of MLMs these days.

Be that as it may, the products that are sold through the company range anywhere from health products to services that are designed to help you improve your credit score.

And, of course, their products are sold through a large network of "sales associates" and business opportunity seekers. However, most people who get involved with the company do so in order to start a work-from-home business.

On top of just selling their products, these sales associates are given the chance to sign up other people into the business opportunity as well.

Who Is Larry Gates?

who is larry gates

According to their company website, their CEO is a man named Larry Gates and it was founded back in 2005 by a fledgling group of investors and entrepreneurs.

As far as I can tell, Larry has no relation to Bill Gates, another CEO who built a software company.

But I did a little digging and found out that a man named Ivey Stokes is the co-founder of M****yEcon, and has a net worth of over $700 Million.

This is only confusing in that his LinkedIn has him listed as an Executive Vice President, but an old Facebook post from MyEcon confirms him as the co-founder:

who is ivey stokes

And yet there is no trace of the man on the MyEcon website.

After some research, I can see that both Stokes and Gates were part of a pyramid scheme named Maxxis in the 90's, which ended up going through legal issues, eventually declaring bankruptcy after some illicit findings.

It appears Stokes was the co-founder there, while Gates was further down the line.

Maybe that's why Stokes isn't mentioned on the MyEcon site anymore.

What's Inside MyEcon?

MyEcon Product Line

my econ whats inside

Of course, when you're taking a serious look at any "reputable" MLM, the one thing that you really need to consider about their product line. If you can't really put your finger on what the company is actually selling, then you should high tail it out of there.

The products of a company are it's lifeblood. If the products are good and ethical, then you might have a winner and people may have a good chance of making money with it.

However, if the products are second-rate, or perhaps even non-existent, then it's really not worth your time because, for the most part, the only money that's made is when people sign up other people into the company.

From what I've seen, it looks as though myEcon does have real products and services that appear to be of decent value.

But the strange thing about these products, is how different they are from one another.

On one end of the spectrum you can buy coffee, and then on the other end you have identity-theft services:

  • Coffee Beans
  • MyCredit System
  • Identity Defender
  • CashFlow Manager
  • Roadside Assistance
  • Health & Nutrition
  • Travel Membership

It appears they have recently dropped the Cash Back Mail and Credit Monitoring services from their offerings.

It seems they have renamed the Smart Credit Repair System.

My concern with this approach is that it is difficult to become the best within any one industry.

It's not easy starting a coffee company, balancing fair prices with high quality.

It's not easy starting a national roadside assistance company, with all of the moving pieces involved.

I have serious doubts that MyEcon is somehow a top play in any of these products' industries, frankly.

Also, if you do decide to sign up with the company as a Marketing Director, you are instantly approved for the Income Shifting Membership.

Basically all this does is help you exploit tax loopholes, and thereby increasing your income and acquire more assets.

Okay, that part I like.

The myEcon Cashback Mall

myecon cashback mall

Now this is something that I've haven't come across before, and it's something that could potentially save you quite a bit of money in the long run. For that matter, there's another mlm company (Team National) that actually does the same thing.

Cashback Mall gives you about a 5% discount on certain products that you can purchase at stores like WalMart and BestBuy.

The way it works is like this:

Since myEcon sells products through these companies via their affiliate program, myEcon earns a commission for everything they sell.

But instead of keeping that commission for themselves, they pass that commission on to their recruits.

Now the commission rate is generally pretty low (usually under 5%). Also, it can take quite a bit of time for any of that money to be paid out the myEcon, so it could be a while before you see any of your rebates.

All in all, as long as you're buying stuff that you would normally buy, this is a pretty neat idea, even if you never benefit from it.

The myEcon Compensation Plan

myecon compensation plan

So how do you actually make money with myEcon?

The compensation plan has a handful of different ways in the business opportunity that company associates make money.

Unfortunately, you cant really find anything on the myEcon website about their official compensation plan. This I really don't like because I would think that people would want to know this information going in rather than hearing first from a recruiter.

The honest truth is that you won't make much money selling their flimsy products. The real money is in recruiting your friends and family, which comes with its own problems.

But that is the way of life when it comes to MLMs.

Getting Started

You'll need to find a sales associate for the company in order to sign up with myEcon. Typically, you'll be using their personal company-sponsored website. After watching a few YouTube videos about the background of the company and listening to a few other associate testimonials, you'll be sent to the associate sign up link.

After you click on the link, you'll be taken to a page when you can sign up as a "Marketing Director" for the company.

That's a nice-sounding gig! What's the catch?

Well, the cost to sign up with the company as a Marketing Director is $34.95 per month with an initiation fee of $19.95.

When you finally get everything square away, you'll get a personal website (which is really just a subsite of the company's main website). You'll use this in order to sell products and sign up other people. There's also some training for you to go through at your leisure.

That training is called the Income Shifting Membership and it's what everyone uses in order to be successful.

Now, as a Marketing Director, you also get the following perks:

  • Credit Education Services
  • Discount Travel & Corporate Perks
  • Income Shifting Strategy (already mentioned)
  • Free & Discount Legal Services
  • CashFlow Manager System
  • Identity Theft Protection

For all that you get, this almost sounds like a good deal, even if you don't end up selling much.

myecon bad review

The 3 Big Income Streams

1) Income Shifting Membership Sales

It's imperative that you buy the membership for Income Shifting after you sign up in order to become a Marketing Director.

After doing this, you are then qualified to receive $10 for the first couple of referrals that you make as long as they purchase the Income Shifting Membership as well.

This commission is generally only paid out when new associates join the program.

After this, you'll earn $35 every time someone that you signed up becomes a Marketing Director.

Then, after your 3rd recruit signs up to become an MD, this will qualify you to become an EVP (Executive Vice President). With this, you're able to create as many individual downlines in your organization as you like. And every person that you refer directly for as wide as you can go.

I know this sounds like a lot to take in, so don't be concerned if you haven't quite grasped the concept. Just keep in mind that you will earn $25 in commissions for every new MD in your organization.

A quick disclaimer though... if your retention rate falls below 80% - if more than 20% of your recruits decide to quit the program - your commission rates will also go down.

2) Retailer Commissions

Your retailer commissions are based on every product and membership you sell, referred to as "commission volume" (CV). This CV is what all future commissions are based on.

Just to give you an idea. ID Defender costs $8.99, but you don't make your commission on the full $8.99 since the commission volume for this product is $2. Consequently, any commissions you earn will come from that $2.

Of course, the commission rates for all the different products will be different.

Now, if you become a Marketing Director, you'll get paid 15% for all the products that your sell personally. And if you reach the Executive Vice President level, that commission will jump to 25%.

As an EVP, you're able to earn 10% on any commissioned sales that are made within your MD downline, and up to 17% on commissioned sales inside your "Generations".

Man, this MLM lingo gets old fast. Might as well make up a new dictionary!

These generations are formed after a referral within your organization reaches the level of EVP.

When any other referral (whether it's yours personally, or within your organization) gets sponsored by a 1st generation associate and becomes an EVP, they become a 2nd generation referral to you.

This can go on in perpetuity.

3) Dream Team Residuals (DTR)

Based on your ranking, you will get paid a commission of up to $8 per month for any associate (in any generation) that has paid the monthly fee for their ISM account for more than 5 months.

What Does The Internet Have To Say?

What Does The Internet Have To Say

Let's hear the voice of the people:

"So I almost got suckered into Myecon a couple months ago... it caused a huge fight with my bf and I and I was even resentful of him because he made me cancel the account and get a refund for the start up fee. Now looking back, hindsight is 20/20 and I am glad I didn't go through with it. My original "recruiter" was very nice and seemed knowledgeable but it was the "too good to be true" information that she was pushing that made me uncomfortable. I politely told her after careful consideration I won't be moving forward. She occasionally still emails me but isn't pushy. I just haven't blocked her emails or unsubscribed.

Later, I had another lady try to recruit me and I told her no thanks, already been scammed by Myecon and its a MLM... she sends me a voice message on fb messenger cussing me out and blocks me before I can respond.

Bahahaha. NOT TODAY, SATAN."

Here's another:

"It's like they decided to jam a whole bunch of MLM schemes in one. Financial planning. Lotions and skincare. Herbal supplements. Travel planning. And for novelty, a knockoff of eBates.

Bottom line, the three people that started it were all involved with Maxxis back in the 90s. Scammy, shady business."

One more for the road:

"When I signed up the day of enrollment I tried over and over to access the account and view documents. When I couldnt figure it out I reached out to ****** and he tried assisting me but I guess I was asking too many questions and refused to send pictures he blocked me and told me to call ***** number to opt out. There is no 800 number only Georgia number. Never got through to anyone. Im almost certain this is a scam and everything he claims he does you can do yourself. I wouldnt trust it."

Is MyEcon A Scam?

Scam or Legit

So, is MyEcon a scam?

Not technically.

You can make money with this program, but it’s definitely not as easy as the company makes it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and - most importantly - the actual commissions are pretty small.

Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for 3 months and then your reward is a $50 commission, it’s not really worth it.

What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Leasing.

And, unlike an MLM, you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

Saying Goodbye To Our Jobs

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.

How Much Does MyEcon Cost?

myecon how much does it cost

  • Coffee Beans: $19.99 for a box
  • My Credit System: $99.95 per year
  • Identity Defender: $8.99 per month
  • Cash flow Manager: $10.95 per month
  • Roadside Assistance: $99 per year
  • Vitamin Supplements: Daily Ultimate for $37.95
  • Travel: $139.95 per year or for a one-time setup fee of $39.95 and then $13.95 per month thereafter

As mentioned previously, signing up as a Marketing Director is $34.95 per month with an initiation fee of $19.95.

So, if you're going to join, you run a risk of racking up debt if you're not selling or recruiting.

MyEcon Refund Policy

my econ refund policy

Are There Alternatives To MyEcon?


Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:

What Is Our Top Recommendation For Making Money Online In 2024?

Digital Leasing

Our Review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.


1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.


2) You Own & Control EVERYTHING: With MLMs and Network Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own your “team”.

Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.

With Digital Leasing, you own the assets, which means you have all the power and all the control.

Feeling Blessed

3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront.

Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket...even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

Scott Lead Gen

4) No Inventory: Alright, so most MLMs don’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.

And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.

Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.

With Digital Leasing, a 100% online business, you never even have to think about that risk.

Done Deal

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with an MLM, you’d have to double your customers OR double the average order size of your existing customers. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

Lance Lead Gen

6) Make Money Helping Real People: This part is what makes it all worth it. In an MLM, your “upline” might convince you that what you’re selling improves people’s lives, but deep down, you likely know that’s not true.

Most of the time, you’re either selling a dream or a poor-quality, overpriced product with a fancy label.

And that makes it pretty hard to sleep at night.

But with Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either...a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.


Now, the choice is yours.

You could continue browsing, looking at opportunities like MyEcon which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.

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