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Okay you need mage level 33 or higher. There are two different ways of getting the runes you need, and they are listed below.
#1: Go to Varrock and mine Rune Essence (after Rune Mysteries go to the Rune Shop and select Teleport Aubury) and then go to Falador. Go out the East entrance and (with air tiara or talisman, tiara recommended) go into the air temple. (World 16 recommended, you can get more runes by selecting req assist on a person saying something like 10x or x10) Make as many air runes as you can. Then you need to bank them and get a brass key. (going into bank and saying "buying brass key 100 coins" usually gets you a key within a minute) then go to barbarian village. cross the bridge as you would to get to varrock, but turn left instead. You should see a little hut with a ladder inside. Go down the ladder and fight the hill giants. They will occasionally drop law runes. Pick up the law runes and when you have enough go to varrock bank (the one closest to grand exchange).
#2: Go to Grand Exchange and buy as many law and air runes as you want.
As you can see, the second way is easier, but if you're like me and don't want to spend your money or also like me and want to get experience then the first way is better.
Okay back to business...
You should now be in the Varrock Bank (closest one to GE). At one end you will see a door and behind the door is a ladder. Open that door and go down the ladder. You will be in a room with a gate at one end. You can't open the gate, but you see valuable objects such as piles of gold and ruby rings on the other side. This is where your runes come in. Use Telekinetic Grab to grab the objects from the other side of the gate. Then wait a bit until the objects come back. Repeat the process until your inventory is full. Then sell the items on the Grand Exchange and put the gold in your bank. If you need more runes repeat the processes above, and then do the same thing over and over again. You can probably (I don't use magic that much, so I haven't done it) be rich within days.