What’s the difference between a colony and a base? Which one would you want to build on Mars? And what on Earth does that have to do with investing for your retirement?
Early mission plans proposed that a base would be the best option for humanity’s first attempt at living on the red planet. As a bare-bones structure, it would be easy and inexpensive to build. But with little more than living quarters and docking bays, the Mars base could never become self-sufficient. Colonists would have to rely on shipments of supplies coming from Earth, and if a supply shipment was ever late or could not be sent for some reason, they would be in big trouble. Mankind could survive on the red planet, but they would never be able to thrive.
Mission control soon abandoned the idea of a base in favor of constructing a fully-functioning Mars colony. They supplemented their original blueprints with farms, orchards, hydroponics laboratories, and factories. The colonists’ ship was stocked with a variety of life support assets, including seeds and live plants that could be cultivated when they reached their new home. They even brought farm animals to raise for protein. Unlike a base, this colony would quickly become independent of Earth, so an interruption in shipping would present no real danger. Colonists would grow their own food, breathe air produced by their own trees, and manufacture any and all goods they could ever need.
A colony is superior to a base in one more important way: Because of its prosperity and self-sufficiency, the Mars colony will eventually be able to launch colonies of its own. The settlers’ effective planning will benefit not only themselves, but also their children and children’s children on faraway worlds.
When it comes to your retirement, are you building a base or a colony? Are you putting up as many assets as you can, perhaps without the benefit of compound interest, and hoping that the money won’t run out before you die? When your income dries up, will your finances be self-sufficient and sustainable? If the markets crashed, would your finances crash too? More importantly, will there be anything left over for your family when you pass? When you Future Proof your investments, you ensure that not only will you be taken care of in your retirement, your children and grandchildren will share in your legacy. Let us show you how it’s done.