myEcon, Inc., established in 2005 and headquartered in Snellville, Georgia, is a privately held, debt-free company specializing in personal financial success. The company's mission is to empower individuals to achieve financial independence through business income generation and the application of financial strategies encompassed in their Income Shifting Membership.
Services and Offerings
myEcon provides a range of financial education and support services designed to help members enhance their financial well-being. Key offerings include:
- Income Shifting Membership: A comprehensive program that educates members on strategies such as minimizing taxes, eliminating debt, and enhancing credit scores.
- myCredit System: A do-it-yourself credit repair and education platform aimed at improving members' credit profiles.
- Cashflow Manager Software: A tool to assist members in tracking income and expenses, facilitating better financial management.
- Affiliate Marketing Opportunities: Members can earn income by promoting myEcon's products and services to others.
Member Experiences
Feedback from myEcon members varies, reflecting a spectrum of experiences:
- Positive Testimonials: Many members have reported significant financial improvements. For instance, S. & A. Hill from Greensboro, NC, shared, "After joining myEcon, we expanded our reach into credit restoration, debt elimination, and cashflow management. myEcon empowered us to expand our team and cashflow rapidly."
- Employee Insights: Reviews from those working within the company highlight a supportive environment conducive to personal and professional growth. One employee noted, "I've learned some of the best sales techniques and earned sales experience from here. I met and interacted with people of all ages and walks of life."
- Critical Feedback: Some individuals have expressed concerns regarding the company's practices. A complaint filed with the Better Business Bureau (BBB) stated, "I did not sign up with this company. I have no idea who they are! From August 23, 2023, through January 23, 2023, I was charged $30 a month."
Pros and Cons of Membership
Considering the diverse feedback, potential members should weigh the following pros and cons:
Pros:
- Financial Education: Access to resources and tools aimed at improving personal finances, including debt reduction and credit enhancement.
- Income Opportunities: Potential to earn additional income through affiliate marketing and business development.
- Flexibility: Ability to work remotely and set personalized schedules, as highlighted by an employee: "Being able to work from home and make money is always a plus!"
Cons:
- Recurring Costs: Membership entails monthly fees, which may be a consideration for some individuals.
- Mixed Reviews: While many report positive outcomes, there are instances of dissatisfaction, particularly concerning billing practices.
- Recruitment Focus: Success may heavily depend on the ability to recruit new members, a common aspect of multi-level marketing structures.
Conclusion
myEcon offers a suite of financial tools and income opportunities that have positively impacted many members' financial situations. However, as with any financial commitment, it's essential to conduct thorough research and consider both the benefits and potential drawbacks. Prospective members are encouraged to evaluate their financial goals, assess the associated costs, and consult multiple sources to make an informed decision.