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In this video, Kevin demonstrates how to password protect a Microsoft Word document. He works at Microsoft and uses the latest version of Word from Office 365. He explains that password protection is essential for safeguarding sensitive information, such as financial data, that should not be accessible to others. As an example, Kevin references his own income statement, which includes various types of income and expenses like job income, YouTube revenue, credit card payments, mortgage, and student loans, illustrating the importance of keeping such information secure.