Can I share my Xbox account with family?

Can I share my Xbox account with family? Press the Xbox button  again to open the guide, and then select Profile & system > Settings > Account > Family settings > Manage family members > Add to family > Add new. Have the person whom you want to add sign in by using their Microsoft account email address and password. When prompted, select Add to family.

Press the Xbox button  again to open the guide, and then select Profile & system > Settings > Account > Family settings > Manage family members > Add to family > Add new. Have the person whom you want to add sign in by using their Microsoft account email address and password. When prompted, select Add to family.