Does anyone out there know why I can access my Outbox, but when i try to access my Inbox, I'm told to enter my password and then am told it's incorrect?
Because it's the wrong password! Are you sure you don't have caps lock on?
Is it a web-based email such as Gmail or your ISP email that you're accessing through Outlook? If so, go to the website for that email and there should be a "forgotten password" link somewhere that will either reset it or send a new email (as long as the set up required that you enter a secondary password in case of such events!)