Earlier quoted context omitted.
The basic idea is to not have all your eggs in one basket. We are one asteroid strike away from losing all human life on earth. Having 2 habited planets spreads the risk. Obviously having those planets in different solar systems would be even better, but we don’t have the technology for that, yet.
> We are one asteroid strike away from losing all human life on earth. We're one asteroid strike from losing all human life in the solar system even if you had a bunch of people living on Mars. It would take a very long time to get even a single Mars colony self sufficient. Without resources of Earth supporting the colony it would die out the first time the air conditioner broke. Putting people on Mars isn't putting…
The technology to be self-sustaining won't exist without demand for it, and starting to setup a colony creates a lot of demand.