Money Tree Plant
A few years ago, my wife purchased a Money Tree. Ever since, she has been
waiting for this attractive plant to produce a profusion of fifty and one
hundred dollars bills. To date, it has yet to sprout so much as a penny.
Fortunately for the tree, is an attractive and low maintenance
There's another benefit to having this plant in your home. It is believed
to bring good luck and good fortune to anyone who grows it in their home
Native to Central and South America, the Money Tree can grow up to 60 feet
outdoors. It has palmate, five -leaved stems. The leaves are a glossy green.
The Money Tree produces showy flowers with long petals. The flower gives
way to a nut that is brownish in color. The nut is edible, raw or roasted,
with a chestnut-like flavor. On larger trees, the nut can grow up to 12 inches
long! Seeds are inside of the nut.
This tropical, wetland tree can be found naturally near swamps in frost free
regions. It is a member of the mallow family. Most Money Trees are grown
as indoor houseplants, and do not reach over 10 feet tall. They look great
in bonsai gardens. Used as a Bonsai plant, they are kept much smaller, and
the trunk is often braided.
Note: Do not confuse the Money Tree with the
Money Plant (Lunaria). The Money Plant
is a flower on a much thinner stem.
Money Tree Propagation:
New plants can be started from seed, or from cuttings. For cuttings, snip
off the growing tip of the plant, leaving two leafs nodes on the cutting.
Root the cutting in moist potting soil. Do not root it in water. It
will take several weeks for the new roots to develop.
How to Grow Money Trees:
Money trees are easy to grow as houseplants. They like a light, well draining
soil. Use a combination of peat moss, and perlite or loose sand to help with
drainage. Plant them in smaller containers, which have a hole in the bottom
Water the plants thoroughly, then allow the top inch or two of the soil to
dry in between watering.
Fertilize every two weeks during spring and summer, with a 12 solution of
liquid fertilizer. During winter months, give it less fertilizer.
The plants like high humidity, over 50%.
Insects and Plant Disease
Money tree plants have few insect and disease problems. Root rot can be a
problem in wet soils. Allow the top inch or two of the soil to completely
dry out between watering. The trunk can also rot. Avoid getting water on