Fixed income, also know as bonds, is not discussed as often as stocks , but is a vital part of understanding investing and increasing your financial literacy. Elle breaks down the basics on bonds, the three types and when and why you would allocate some of your money into this asset class.

Elle discusses the epidemic in the coaching industry of inexperienced and under-qualified people offering sexy overly-simplified financial "advice" that leaves out valuable information, and glosses over the pros and cons of investing that you need to understand more than ever in this bear market.

In the last 15 minutes of the episode, Elle explains bonds in depth, describing the three categories of bonds, and when and why you would allocate some of your money into this asset class.