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In this smart money video, Bradley Taylor introduces the concept of a personal SWOT analysis, which stands for strengths, weaknesses, opportunities, and threats. The analysis serves as a systematic approach to evaluating one's life, aligning actions and goals with individual strengths, while also identifying and addressing weaknesses and threats. Taylor aims to demonstrate the benefits of conducting a personal SWOT analysis and shares an example of how it is structured in a grid format, emphasizing the simplicity of populating the blocks. He plans to delve into details about each component to enhance viewers' understanding.