Have you ever heard the story of how the Money Tree got its name? It started with a man whose prayers for money were answered by obtaining this unique plant. When he took the plant home, he discovered he could grow several more from the seeds and new stems. He soon became rich from selling the seedlings. It is from this story that the plant was given its nickname: the “Money Tree.” The plant (and the story) originated in Japan. The Money Tree consists of several trunks braided together with green leaves sprouting from the top.
- Braided Money Trees are often given as a gift because they have the reputation of bringing good luck and prosperity. Generally, the more leaves the Money Tree has, the better! While it is common to find money trees with five leaves on each stem, it is quite rare to find one with six to seven leaves. Like a four-leaf clover, a Money Tree with a seven-leaf stem is considered to bring incredibly good fortune to its owner.
- Feng shui practitioners believe that the braided Money Tree creates positive energy for any room that it is placed in. Following this belief, your Money Tree should be placed in the “financial” part of your home or office. (Make sure it is bright in that area) Each new leaf of the tree will then bring added financial blessing and success. This plant is easy to grow and will thrive easily in your home or office.
- The jade green leaves of the Money Tree grow in a pattern often compared with the human hand. These five leaves are said to symbolize the five elements of balance in creation: metal, wood, water, fire and earth. Each stem of the “braid” is a unique plant.
- Money Trees are easy to care for. Simply water thoroughly then let the soil dry. You can tell if you are watering too much if the leaves become droopy and yellow. If the leaves are wrinkled or curled, you are watering too little. The main problem that we see with Money Trees is from overwatering.
- Place your Money Tree in an area with bright indirect light. In areas with less bright light, your tree’s leaves may grow smaller, but they will adapt if needed. Avoid direct sunlight. In warm weather, your Money Tree may enjoy a little outside time in the shade. Bring your plant inside if the weather drops below 50 degrees.
- Concerning fertilization, this tree does not need to be fussed over. Fertilize once in the spring and once in the fall with a quality time released fertilizer. Insects don’t seem to bother the Money Tree but if you happen to see whitefly or aphids, spray the leaves with Insecticidal Soap and wipe clean.
- Propagation is best had from cuttings/side shoots and seeds. Often you will notice new shoots coming out of the trunks. You can simply place these shoots in moist, not wet, soil with Root Starter and they will grow well.
- Find Money Trees and many other interesting houseplants at The Family Tree Garden Center. Our knowledgeable, friendly staff is here to help with all your interiorscaping desires.