Known for good luck, the Money Tree plant is designed to bring money and luck to the person who receives it as a gift. The Money Tree plant creates positive energy, or chi, and is commonly found in storefronts and businesses in Asia, where the plant originated. This plant is usually grown on a stout regular trunk or smaller, braided trunks with disproportionately large, hand shaped leaves at the top. Tolerant of lower light levels, the Money Tree plant can stand to dry out as well. This plant is incredibly low maintenance and hardy.
Growing Zone: 9-11
Mature Height: 18″ – 24″
Mature Width: 10″ – 12″
Sunlight: Fluorescent light to some bright, indirect
Habit: Upright, clear trunk
Flower Color: Does not flower indoors
Foliage: Green, smooth
Soil Condition: Potting mix
Water Require: Likes to dry out occasionally
Uses: Fabulous housewarming gift or present for a new space or business
Does Not Ship To: AK, CA, HI, OR, WA, AZ
Money Tree is a small, tree like plant with a clear trunk and large leaves. Sometimes the trunks are braided for ornamental value. This plant handles low light, fluorescent to bright indirect, and likes to dry out some between watering. Money Tree is loved by bonsai enthusiasts, as it already follows the form and can handle being root bound in a small container. The hand shaped leaves have five sections, and are said to symbolize the elements of creation: metal, fire, water, wood and earth. In its native South America, this delightful tree is grown for its edible nuts.
Light Requirement of Money Tree Plant:
Money Trees prefer low, fluorescent light to some bright, indirect light.
Watering Money Tree Plant:
Money Trees prefer to dry out occasionally between watering, and does not like to sit in water or dry out for too long. This plant is tolerant of infrequent watering.
Fertilizing Money Tree Plant:
Any all purpose, foliage fertilizer will work for Money Trees. Indoor houseplant fertilizers fall into two groups: water soluble, liquid quick release, and granular, slow release fertilizers. Jack’s Classic Indoor plant food works well as a powder, quick release fertilizer that is mixed with water to quickly provide nutrients to a plant that has been in a container for an extended time. On the other hand, Biotone Starter or Osmocote Indoor/Outdoor is an option as a granular, slow release fertilizer that can be applied while potting and planting. Any type of fertilizer offers nutrients that help plants with the transition to a new environment. All of these fertilizers may be used when planting Money Tree.
Best Growing Soil for Money Tree Plant:
Very tolerant of all soil types, Money Tree can be planted in regular potting mix. Even a bonsai mix would work, as some enthusiasts keep this plant as a bonsai for its stout trunk and leafy foliage.
History and introduction of Money Tree Plant:
There is a story around the popularity of Money Trees. There was a man who prayed and hoped for more money, then realized he could plant the seeds of this tree and sell it for profit. After selling the trees, the man became very rich, and the plant has been nicknamed Money Tree for that reason. Each leaf that emerges is meant to symbolize new, unfurling financial successes. Native from Mexico to South America, the Money Trees produce large seeds inside of a nut that bursts as the seeds expand. The seeds are edible and when roasted taste similar to chestnuts, or the seeds can be used to make flour. The leaves can be cooked and eaten as well.
Pachira aquatica is the Latin name for Money Trees. Pachira is the Guyanese name for these trees, and aquatica means living in or near water.