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Look at it this way, you could get them both at the same time or, you could get the ring first and get more experience for burning logs until you reach 79 and then get gloves.
It is wrong but maybe 50 bucks eh bro
I would say you should be level 50+. You could be lower but with better food.
about level 90, monkfish have better xp and are faster to catch.
Level 80 Woodcutting is a good level to begin cutting Yew trees in RuneScape. You can begin ealier than this if you wish to make some easy gp.