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If you write long formulas in Excel, youre going to need the brand-new Excel LET function. You mightve already heard about it and already know its advantages, which are it can make your formulas easier to read, and it can improve the performance of your formulas so they run faster. Now this applies to formulas that use the same expression multiple times. With the LET statement, you can let Excel calculate that expression just once and then reuse it as often as you need, which results in your formulas running faster. These two benefits are also shared on the Microsoft Support Page. Now I was really curious about the second point. Is the impact on performance that noticeable? Thats what were going to find out today. (upbeat music) Before we get started, a quick thanks goes to todays sponsor, which is Skillshare. I have a special link for you, its in the description of the video, check it out when youre ready, Im going to talk more about them and their classes towards the end. Le