The Magic 5 for August: Supercharge Your Money Tree with These Simple Tricks

August is the golden month for Money Trees to thrive and bring prosperity to your home. Follow these five simple rules, and you'll soon see your tree flourishing with new shoots, lush leaves, and maybe even flowers. It will transform your living space into a greener, luckier, and more prosperous environment.

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Many people believe that when the money tree sprouts and blooms, it brings good luck to the owner. But do you know how to make it sprout and bloom?

August, when the weather turns to autumn, is the golden time to take care of the money tree. According to experts, the money tree has two phases in a year that are most conducive to sprouting and blooming, which are late spring and early autumn. The determining factor for the development of buds lies in temperature, humidity, and light.

Late spring (April-May), when the temperature fluctuates between 15 and 28 degrees Celsius, the tree enters a phase of vigorous growth, which is ideal for sprouting. Early autumn (August-October), after the prolonged summer heat, the temperature starts to drop, creating ideal conditions for the tree to recover and enter a new growth phase. This is also when the tree is most likely to “explode” with buds and flowers if properly cared for.

Therefore, if you want your money tree to thrive, with sturdy leaves, and sprouting vigorously, filling up the pot, and even blooming, you should do the following five things in August:

1. Use airy and porous soil

The money tree prefers slightly acidic, airy, and porous soil with good drainage because the roots are tuberous and contain a lot of water, so the tree can tolerate drought well. However, if the soil is not airy and does not drain well, the water will remain in the pot for too long after watering, leading to root rot. Therefore, the requirements for soil and pot replacement for the money tree are quite strict, and they should be replaced annually.

If you haven’t replaced the soil in the spring, autumn is the perfect time to do so. The ideal soil mixture for the money tree consists of peat moss, vermiculite, and perlite. In addition, you can add well-rotted goat manure to increase the airiness of the soil and provide the necessary nutrients for the tree’s growth.

2. Don’t overwater

Although the money tree can tolerate drought well, it is susceptible to waterlogging. Therefore, do not water frequently or when the soil is still moist. The correct watering principle is to water only when the soil is about 50% dry, and each watering should ensure that the water soaks deep into the entire soil ball.

In the autumn, the air is drier, and the evaporation rate is higher, but you should still avoid overwatering. Instead, you can lightly mist the leaves to maintain humidity, creating favorable conditions for the tree’s growth and bud development.

Clip: How to propagate a money tree

3. Prefer organic fertilizer

The growth phase in autumn increases the tree’s nutritional needs. However, excessive use of chemical fertilizers can cause soil compaction, root suffocation, and bud inhibition.

The recommended organic fertilizers are well-rotted oil cake water, fermented rice water, and fermented beer. These fertilizers not only provide nutrients but also improve soil structure, promoting healthy root development and creating favorable conditions for vigorous and continuous bud growth.

4. Place the tree in a diffused light area

The money tree does not thrive in direct harsh sunlight but still needs sufficient light for photosynthesis and growth. When the temperature is below 25°C, you can expose the tree to mild sunlight in the early morning or late afternoon.

When the temperature is above 25°C, place the tree in an area with indirect or diffused light. Ensure that the growing area is well-ventilated and not damp to prevent pest and disease problems. By doing so, your money tree will be more likely to sprout and bloom.

5. Prune tangled and damaged branches and leaves

After the hot summer, many money trees may have wilted leaves, diseased branches, or messy growth. At this point, periodic pruning is necessary to restore the tree’s beauty and vitality.

Remove old, weak, and damaged branches and leaves, trim unevenly growing branches, and cut back overcrowded growth. If the tree is severely damaged, you can cut it back drastically (also known as “shaving”) to stimulate new growth from the base.

After pruning, don’t forget to add organic fertilizer and water thoroughly once to promote better nutrient absorption by the roots. Within a few weeks, the tree will produce new, healthy, dense, and sturdy buds.

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Frequently asked questions

The ‘Magic 5’ refers to five simple yet powerful tricks or habits that can help you improve your financial health and wealth. These tricks are based on proven financial principles and are designed to help you make the most of your money and achieve your financial goals.

The five components of the ‘Magic 5’ include:

1. Tracking expenses: This involves keeping a close eye on your spending by creating a budget and sticking to it. Understand where your money goes each month.
2. Saving smartly: Automate your savings by setting up direct deposits or automatic transfers to a dedicated savings account. That way, you save effortlessly without even thinking about it.
3. Earning more: Explore side hustles or ask for a raise at your current job to increase your income. You can also consider investing to make your money work harder.
4. Paying down debt: Create a plan to aggressively pay off any high-interest debt, such as credit card debt. This will free up more of your money for savings and investments.
5. Protecting your money: Ensure your financial security by having the right insurance coverage, such as health, life, and property insurance. Also, be cautious about scams and identity theft.

Start by assessing your current financial situation and setting clear, achievable goals. Then, break down the ‘Magic 5’ tricks into smaller, manageable tasks. For example, you could begin by tracking expenses for a month to understand your spending patterns. Use apps or spreadsheets to make budgeting easier. To stay motivated, remind yourself of your financial goals and visualize the benefits of achieving them. Find a support system or accountability partner to help keep you on track.

Yes, a common pitfall is trying to do too much too soon. Start small and gradually implement the habits to ensure they stick. Another mistake is not prioritizing or creating a clear plan. Focus on the tricks that will have the biggest impact first, and create a step-by-step plan to follow. Also, be mindful of your spending triggers and avoid unnecessary expenses that can derail your progress.

Consistency is key. Commit to practicing these habits daily or weekly, and they will eventually become second nature. Incorporate them into your routine and use reminders or alerts if needed. Regularly review your progress and celebrate your successes along the way. Remember, it’s okay to make mistakes, but learn from them and get back on track. Financial freedom is a lifelong journey, so embrace the process and enjoy the benefits of your improved financial habits.