Is My Econ a Scam? – What You Should Know

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My Econ is a business that has been around for quite a while but recently I’ve noticed that it is starting to be promoted a lot more heavily as a business opportunity. There are many people out there that are buying into this business just to make money promoting it to others, which is obviously going to make people suspicious. Is My Econ a scam that you should be avoiding? Or is this a good legitimate opportunity that you should try to capitalize on?

In this review I’ll be going over the products that My Econ sells, the compensation plan, something that no one is going to tell you if they are trying to recruit you in, and more. And by the way… I am not affiliated with this company in any way nor am I promoting this opportunity, so you can expect this review to be unbiased and honest.

My Econ Review

The My Econ business has been around for quite some time, since 2005. Its purpose and focus is to help people obtain financial success, which is why they call themselves “the personal financial success company”. There are a variety of different ways that they try to help people become more financially free, but they say that the focus is on minimizing taxes, generating business income, and asset accumulation.

They sell all sorts of products ranging from ID protection services to credit monitoring and multivitamins, all of which I will go over below.

But like I said, many people seem to be buying into this business for reasons other than the products that are sold. They seem to be buying in for the business opportunity. My Econ is what you call a MLM, or multilevel marketing, business. Anyone can join the business as an associate and promote it to other people, earning commissions they recruit others in, when those people then go out and recruit others in, and so on.

Because this it is a MLM business and most MLM businesses tend to provide a very uneven wealth distribution, with only the top few making the majority of the money, you could argue that this business doesn’t really care much about personal financial success as they claim to.

The Products

As I said, they sell a variety of different products, some of which don’t really seem to fit in. Most of these products come from third parties.

ID Defender

This is their identity protection service. It costs $7.99 per month for an individual plan and $14.95 per month for a family plan. Some of the things you get with this include antivirus software, anti-phishing software, a two-way firewall, a digital file shredder and more.

The plan also comes with identity insurance in case you lose money from an identity theft, 24/7 lost wallet assistance, identity restoration services and more.

CashFlow Manager

The CashFlow Manager mainly seems to be promoted as a way to organize all your expenses so that come tax time you can take bigger deductions. The software records, organizes, and stores financial transactions that you have made. It gathers receipts online and you can also easily take pictures of physical receipts to upload them to the manager.

The software is secured with 256 bit encryption to ensure that your financial records are kept safe.

The cost of this is $10.95 per month.

Road Assure

This is there roadside assistance service. Surprisingly it only cost $7.99 per month and you get quite a bit of coverage with it. You will have assistance when it comes to towing, battery jumpstarting, flat tire changes, a lockout service, gas delivery and more.

This reminds me very much of MCA, or Motor Club of America, because of how this is also a MLM business that provides roadside assistance.

CashBack Mall

If you are familiar with cashback programs and you probably know how all this works. My Econ is partnered with a bunch of different stores, the large majority of them being online, and earns commissions when they send buyers to the stores. So what they do is then take some of these commissions Ian to give them back to the buyers as cashback. So what you can do is shop at MyEconMall and earn a small amount of cashback as incentive to shop there in the first place. This makes you money and My Econ money.

Its the same type of deal with any cashback program, such as Ibotta, DOSH, etc.

750 Credit Monitoring

We all know how important credit is nowadays so their credit monitoring service is something of real value. They provide monitoring, tracking, reports and more.

The cost is $23.95 biannually but you also have to pay more to order reports as far as I understand.


Yes coffee… Sounds strange doesn’t it. Why would they be selling coffee alongside credit monitoring and ID protection? It beats the heck out of me to.

But anyways… Yes they sell coffee. Not much to say here.

Book Travel

One of the products listed on the site is “Book Travel”, which is what you can click on if you are looking to do some traveling and want to book a trip. This has no cost but if you click on it you are just redirected to Priceline. So I’m assuming they are getting paid to send people over to Priceline.

Daily Ultimate

And then there is “Daily Ultimate” which also doesn’t really seem to fit in here. This is their liquid multivitamin supplement. It seems to be pretty good and contains over 200 nutrients. The cost per bottle, which is 32 fluid ounces in size, is $36.95. This provides a month supply but you can also order more at one time and get a little bit of a discount.

The Business Opportunity

And now on to the business opportunity, which is probably why most of you reading this are interested. This is where most of the controversy comes into play.

The business opportunity here is all about recruiting others into the business and then getting them to recruit others in. My Econ doesn’t provide any official compensation plan on their website that you can look into so what I found is based on my own research from various sources.

Moving Up The Ranks

When it comes to MLM opportunities like this, it is all about moving up the ranks. As you move up the ranks you unlock more and more of the compensation plan and are able to earn more money. So how do you move up these ranks? Well… You recruit others in.

There are six different ranks total in the income potential with them varies greatly.

  1. Sales Associate
    1. Costs $80 + $10/mo
    2. No access to the mlm comp plan
  2. Marketing Director
    1. Costs $179.95 + $34.95/mo
    2. Can upgrade from Sales Associate for $99.95 instead of paying the $179.95
    3. Must have 100PV per month in sales
  3. Executive Vice President
    1. Recruit in 2 Marketing Directors beneath you
    2. or generate at least 200PV as a Marketing Director
  4. Executive VP Gold
    1. Have 30 affiliates in your downline
  5. Executive VP Platinum
    1. Have 200 affiliates in downline
  6. Executive VP Infinity
    1. Have 800 affilates in downline

How It Works

When you first join the goal is to recruit in two other people beneath you. This will make you commission qualified and you will earn $10 from each of these two people that you recruited in. Why only $10? Well because both of these two recruits get past up to your sponsor, a.k.a. the person that recruited you in. After those first two recruits are out of the way you will earn $35 per recruit that you bring in. Then… Whenever these recruits go out and recruit two new people in the will all pass these sales up to you, in which they will only earn $10 in you will earn $25.

I guess you could call this a “2 up” system or something like that, but is not really a true 2 up one because you don’t fully pass the entire first to sales up to your sponsor, only partly.

Generational Pay

Just as you become an EVP after you recruit in your first two people, so do the people in your downline. When recruits in your downline recruit in their first two people they become an EVP and move to what is called your first generation. Each person that gets promoted to EVP in your downline will form their own leg on the first generation and all of their recruits fall into the generational pay structure as well.

So take the example diagram below. The blue figure represents an EVP in your downline that just formed his/her own generation. The red figures are the people that the blue figure personally recruited in and they make up generation 2, the orange figures represent people that the red figures recruited in and they make up generation three…

It can be pretty confusing but I hope this makes a little more sense to you. If you move up the ranks to that of Executive VP Infinity then you will be able to earn commissions down infinite generations.

I’m not going to go into more detail with this compensation plan because I could write an entire article on if I wanted to and I don’t really think many people are reading this for every little itty-bitty detail of it.

What People Aren’t Telling You

It it seems that most people promoting this opportunity are doing so just to make money with it rather than buying in for the actual products that My Econ sells. They are only going to tell you the good and probably leave out the bad when the truth is that with a MLM compensation structure like this… There is definitely some bad that you should be aware of.

There are many different degrees of MLM’s out there, some of them having dozens and dozens of levels while others only having a few. Usually the ones that are a larger pyramid-like commission structure result in a more uneven distribution of income amongst their members.

Just think about it for a second. Sure there is plenty of earning potential with something like this because if you build up a massive downline you can earn tons of passive commissions off of the effort of those beneath you. But let’s think about those in the bottom for a second. Those at the bottom of the pyramid-like structure or having potential income sucked away from them in funneled out to the people above them, thus making it more difficult for them to make money. And as we all know with a pyramid -like structure such as this, the majority of people involved are going to be at the bottom.

So a summary of the point I am making here is that with a MLM like this it actually makes it more difficult for the majority of people involved to make money. It may seem flashy and get you very excited, but this is a major downside and is the reason why most people fail in business opportunities like this.

I review MLM opportunities all the time, Copy Profit Success Global, BNI, Total Life Changes.. you name it, and one thing that I always find is that a few percent of the members involved make the majority of the money.

Final Thoughts – Should You Join?

All in all I wouldn’t call this place a scam but I would call it somewhat of a misleading opportunity. It is often promoted by somewhat misleading advertisements and as some incredible business opportunity, which it may be for some people but for the majority of people it will not be. The big time earners and systems like this are able to recruit people in nonstop. It’s all about recruitment.

The compensation plan is confusing as heck but the overall goal here seems to be to recruit people and in then teach them how to recruit people in, which they will then teach to their recruits and so on. It’s mostly a big scheme focused around recruitment and not so much the products. Some of the products are pretty decent but others just seem to be thrown and there for who knows what reason.

You are more than welcome to join this opportunity, I mean it’s your money and everything, but I for one will not be recommending it nor will I be joining. I would only advise joining to those who truly believe they are going to be able to recruit people in left and right. If you don’t have that salesperson type personality then this might not be a good fit for you.

Before You Leave

Before you leave, something you might be interested in taking a look at is how I make money online. I’ve been making money online since 2015 and currently make a living at it. You can read my “make money online guide” here to see exactly what I do, how it all works, and how beginners can get started doing the same.

Also feel free to leave any questions, comments, or concerns below and I’ll get back to you as soon as like can 🙂

About the author


My name is Kyle and I am the owner of Earn Beast. I created this website to explore the various ways of earning and mainly focus on teaching others how they can make money online. To learn how I make a full-time income online, Click Here

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