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In this tutorial, Kevin explains how to password protect a Microsoft Word document using the latest version of Word from Office 365. He highlights the importance of securing documents containing sensitive information, such as financial data, to prevent unauthorized access. Using his income statement as an example, he demonstrates the types of information that may be sensitive, including job income, YouTube revenue, and monthly and yearly expenses like credit cards and student loans. The tutorial serves to guide users in safeguarding their critical documents effectively.