I'm also 39 grinding rock elementals in badlands. I'm never going to get enough cash to get my mount though. As of now, I have like 20 gold. I dumped way too much into my tailoring at lower levels. I have tailoring 220 though which I don't think is too shabby.

I found the plans for the mithril spur thing that goes into your shield. It's blue. Any idea how much it's worth. There wasn't any on the AH when i checked it earlier.