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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 that contain sensitive information, such as financial data. Kevin uses his income statement as an example, showcasing various revenue sources like job and YouTube income, and detailing his expenses, including credit card bills, mortgage, and student loans. The tutorial emphasizes the necessity of privacy for critical information, suggesting viewers consider using password protection for their important documents.