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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 emphasizes the importance of securing sensitive information to prevent unauthorized access, particularly when handling critical data like financial statements. He shares an example of his personal income statement, which includes details about job income, YouTube revenue, expenses such as credit card bills, mortgage, and student loans, and highlights the need for protection in documents containing such information. Kevin's approach focuses on the practical aspects of ensuring document security.