The extra money is not about luxuries in this family, but the chance to have something left over, some money to spend taking the children to museums and to places where they can expand their worldview.
Dr. Barbara Lips, on the other hand, says children should be involved in financial planning, but should not be made aware of familymoney problems at a young age.
Even if the Yankees were to win the championship in 2011 that statement misses the big picture, which is this: There are several team owners with a lot more money than the Steinbrenner family who simply are not willing to invest in their teams like the Steinbrenners.
Not surprisingly, I am investing a portion of our family's trust moneyin FOLIOfn accounts that track the portfolios of a few of the outstanding portfolio managers I have discovered over the last seven years on my investing Web site www.