Final answer:
Building wealth through investment requires starting with a small initial investment and growing it over time with patience. The power of compound interest helps in this growth, demonstrating a steady rather than a quick path to wealth. Education and early savings are key to accumulating considerable financial wealth.
Step-by-step explanation:
The statement 'The journey to a million-dollar portfolio starts with investing your first $100. Be patient, true wealth takes time.' is suggesting that building wealth through investment begins with making a small initial investment and requires patience and time to grow. This aligns with the principles of saving and investing over a long period, utilizing the power of compound interest to multiply savings. It's a rebuttal against the notion of getting rich quick and emphasizes that even modest, consistent contributions can lead to substantial wealth accumulation. This method may not make someone as wealthy as Bill Gates but can still position them in the top percentages of wealth for American households.
Moreover, the difficulty in achieving quick riches through stock market investment is explained by the Random Walk Theory, which shows how challenging it is to predict stock prices that will rise in the future, especially when many investors are attempting to do the same. Accumulating personal wealth more reliably involves acquiring additional education and starting to save money early in life.