  In this work we compute all relevant contributions stemming from the
economical 3-3-1 model to the muon magnetic moment and the lepton flavor
violation decay $\mu \rightarrow e\gamma$. Using the current bounds on these
phenomena, we derive lower limits on the scale of symmetry breaking of the
model. Moreover, taking into account existing limits from meson and collider
studies we show that there is still room for a possible signal in $\mu
\rightarrow e\gamma$ in the near future.
