NOTE: This strategy is for mages only
This is probably the best way to get money for your epic mount... I spent roughly 5 days of 11am-11pm. I started on Monday, and by the next Monday I bought my epic mount. There are, however some requirements for this, which the details follow on below. I have tested both frost and fire specs with this strategy and they both seem fine, however the fire spec tends to increase the efficiency.
Requirements
A level 60 Mage with
EITHER
Frost Spec with Ice Barrier and improved Arcane Explosion
OR
Fire Spec with combustion and blast wave
Step 1
Head over to Scarlet Monastery and pop yourself in the graveyard instance.
Step 2
Kill all the NPCs in the hallway and room as normal APART FROM THE GROUP OF 4, which I will show you how to kill below. What's below should be enough, if you feel under threat, use mana shield.
Fire Spec:
Enable Combustion -%26gt; Blast Wave -%26gt; Arcane Explosion (repeat until they are all about 15% health) -%26gt; Frost Nova (then move back) -%26gt; Flamestrike -%26gt; Cone of Cold.
Frost Spec:
Ice Barrier -%26gt; Arcane Explosion (repeat until they are all about 15% health) -%26gt; Frost Nova (then move back) -%26gt; Blizzard -%26gt; Cone of Cold.
Step 3
OK, now that room is over. Carry on through the next corridor, killiung as normal. When you get into the graveyard, stop. This is where your income comes from. Make sure you have full health, mana and plenty of spirits to pull 
Then do the following:
Fire Spec:
Mana Shield -%26gt; Combustion
NOW RUN AROUND AND PULL AROUND 25 SPIRITS. AVOID THE ELITES. STOP PULLING IF YOU ARE DOWN TO HALF HEALTH AND THEN...
Mana Potion (if required) -%26gt; Blast Wave -%26gt; Frost Nova -%26gt; Walk away so they cant hit u before they die
Frost Spec:
Ice Barrier
NOW RUN AROUND AND PULL AROUND 25 SPIRITS. AVOID THE ELITES. YOU MAY NEED TO USE MANA SHIELD AFTER BARRIER DROPS. STOP PULLING IF YOU ARE DOWN TO HALF HEALTH AND THEN...
Mana Potion (if required) -%26gt; Arcane Explosion (repeate until all are dead, this is usually around 4 explosions)
Step 4
Now you have killed loads and loads of spirits, loot them... you will get plenty of money along with green items, which you can choose to sell at AH or Vendor when you're done. You can carry on into the building at the end and kill the NPC's and boss in there, then come out and reset instance, and go straight back in and do it all again (until your bags are full).
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