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In this video tutorial, Kevin explains how to password protect a Microsoft Word document, starting by highlighting the importance of securing sensitive information. He opens Microsoft Word, part of Office 365, and discusses potential reasons for password protection, such as safeguarding critical financial data. He shares an example of his personal income statement, which includes details about job income, YouTube revenue, and various expenses like credit card debt and student loans. By demonstrating this process, Kevin emphasizes the significance of protecting personal financial information within documents.