Taxes, inflation and comfort: Why it is absolutely necessary to stay debt-free

I have always advocated financial freedom, the ability to do anything you wish to do in life without worrying about money as the most important goal for all investors. This freedom cannot be achieved when one is straddled with debt, especially debt taken for buying personal assets, a house being one of them. I would like to share a few real-life stories and experiences that may help the reader make the right decision about loan repayments. These involve no Excel calculations but focus on the psychology of repayments.