Fixing Mathematica Fonts in Windows

The Problem:

You may receive the following error upon evoking Mathematica program:

xset: bad font path element (#38), possible causes are:
Directory does not exist or has wrong permissions
Directory missing fonts.dir
Incorrect font server address or syntax
xset: bad font path element (#38), possible causes are:
Directory does not exist or has wrong permissions
Directory missing fonts.dir
Incorrect font server address or syntax
assertion `GenericUnicodeFont != 0' at M…
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