Below, three money tree experts share their knowledge on how to care for this unique, symbolic beauty.

First things first: Why is it called a money tree?

Shortly after making this prayer, he came across a strange plant growing in his field.

Carly Quellman

It is seen as a symbol of hope, prosperity, and good fortune."

Where to place money trees in the home.

In Western practices, the “wealth corner” is located in the upper lefthand area of your space.

“These are great places for the plant if the growing conditions are right.”

It needs to live in an area that gets adequate lighting.

Money tree sunlight needs.

Once temperatures outside begin to drop, you could adjust the proximity of your money tree to the window.

However, she says not to place your treedirectlyup against the window.

With proper light, money trees can grow up to 8 feet tall in indoor environments.

Money tree watering needs.

The money tree is its best self when it’sleft to dry out in between waterings.

“You’ll know by putting fingers into the soil.

“If it’s dry, it’s probably a good time to water.”

This is a tropicalplant that enjoys humidityand is used to passing rain showers in its native environment.

Be sure to water down those leaves too!

Signs that your money tree isn’t getting enough water include brown and crispy leaves.

Money tree soil needs.

Money trees do well in standard moisture-retaining soil.

“I just recommend keeping your fertilizers organic, and steer clear of synthetic ingredients,” she adds.

How to propagate money trees.

Money trees can bepropagatedin water or with a leaf cutting, but sometimes they rot before they root.

Khalaf notes that the money tree is not like a pothos, which will automatically start growing roots.

But you have to be OK with it not making it.”

Common money tree problems.

Here are a few that come up often:

The bottom line.

Money trees have a lot of history surrounding them.