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In this tutorial, Kevin demonstrates how to password protect a Microsoft Word document using the latest version from Office 365. He emphasizes the importance of securing documents that contain sensitive information, such as financial data. Kevin showcases his own income statement as an example, highlighting various income sources like job income and YouTube revenue, along with expenses like credit cards, mortgage, and student loans. He explains that password protection is crucial for maintaining confidentiality and preventing unauthorized access to critical information in documents.