Hi all, question about investing strategy. I have a “main” job that gives a 401k benefit with (currently) a 4% employer match (it’ll increase to 6% after five years of service). I’m contributing 15% now and have emergency funds. I just picked up a side server gig for nights and weekends. According to other servers, I can make $300 a night on average. Let’s just say conservatively, ~$1000 for a month, at least for the next few months. Would I be better off increasing my 401k contribution because that is pre tax, and then use my second income for living expenses, or should I directly invest second income into stuff like ETFs? Basically, my question is whether the (typical/average) growth rate of a 401k and the tax implications is better than self investing in ETFs or something. Thanks!
If it helps, I’m a 34M.