In this video, Elizabeth April discusses the concept of karma and the importance of clearing past energies to create abundance. They explain that karma is a vibrational ripple created by thoughts, actions, or intentions, and that it is not inherently good or bad. Elizabeth April outlines a four-step process for clearing karma, which includes making a statement, bringing awareness to repeated situations, making different choices, and dividing the present between the present and future intentions. They emphasize the importance of gratitude and manifesting intentions in the present moment.