I defintely think at 118 you should go and do all four of these parts. These are required to unlock World Quests and probably take about 60-90 minutes to get through. If you do these whilst levelling (especially all in one go at 118) then when you hit max level you're ready to go on WQs. You can go finish the zones quests at your leisure over the next weeks/months or never even finish them if you don't care about questing.
For future reference, it is a great option to purchase mounts and pets as a long-term investment. Not only do their prices scale well even when a new expansion drops, but there is always a demand for them. The only drawback to this strategy is you would need a hefty amount of initial wow gold investment and also maybe have to go through the motions of spending for a guild bank.
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For Alliance it's Lok'Modan, Redridge, Darkshore, Felwood, Stranglethorn (both parts), Plaguelands. Somewhere between 3 - 3.5 of these get you to 60 in like a 16 hours /played, if you queue for dungeons at the same time. I recommend dropping everything at 45 and going to Darkshore-Felwood if you didn't do them yet - they are literally the fastest levelling zones in the game right now, maybe only trumped by Silverpine.
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A new expansion unlocks exponentially more powerful gear, letting you easily breeze through Warlords of Draenor dungeons and raids. A great gold making strategy is to solo these challenges and amass a large amount of gold that you get to keep instead of splitting with your group. Start with soloing easy dungeons and work your way towards harder dungeons until you are comfortable enough to take on soloing raids. Speed and clearing ability is key – stick to those you can run through without skipping a beat and you will see your gold making per hour go through the roof.
While the expansion kicks off with heavy references and scenes of this war, leveling through the Horde side of the new content it barely came up again. Except for all the times I had to mine Azerite to make sure my faction was the leader in the Azeroth version of a nuclear arms race. The Alliance side of things had some heavier references to to the war, at least in the portions I played, with one scenario in Stormsong Valley where a fleet of Horde aggressors bombed a town.
All the things that kept trade goods cheap while the value of gold was falling are no longer true in the new expansion. Most players are working on gearing up their main characters right now, and it will be a while before people earn the levels and reputations on secondary characters to serve the markets for high-end trade goods, so there are fewer crafters competing with each other to serve a community that is swollen with returning players.
Full disclosure on my time with Battle for Azeroth thus far: I leveled a Horde character to 120 and completed all three Zandalar storylines plus put about 20 hours into end-game content. I have also leveled an Alliance character partway through Kul Tiras and completed portions of the Stormsong Valley and Tiragarde Sound storylines. My only experience in Drustavar has been through the eyes of the Horde thus far.
Buffs. Food/Flasks/Scrolls/Potions/Elixirs are a small, but noticeable, buff to your killing speed and survivability. If you have a max level character that can already supply you with cooking or alchemy, you'll be very well off, because the AH is a cesspool for this. I can't really give you specific foods or potions to look for, since each AH is going to have different supplies. Generally speaking, lower level foods are going to only last 15-20 minutes until you can buy the more powerful versions at 60+. Look for anything that adds versatility or your primary stat, and buy stacks for each level range(1-60/70/80/90/100)
The WoW token is very simple: You pay Blizzard $20 for a token, and then you can sell the token on the in-game auction house. A player with gold can buy a token and redeem it for a month of WoW subscription time or for $15 of Battle.net balance, which is like a gift card credit that can be redeemed in WoW or other Blizzard games such as Hearthstone and Overwatch. You get their gold; they get your cash, or at least most of it.