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Advice I have been given is that until you are getting all of your employer contribution you should not be investing in other areas. In other words, if you company matching 50% of every dollar you contribute, up to a max of 3% of your salary (like my company), you shouldn't be investing other places until you are contributing at least 6% of your salary. This does not include "emergency fund" money, which should be 3 - 6 months of your salary.
I give myself a 401k "increase" every time I get an increase at work. Even if I only increase it 1%, every little bit helps, especially if you are young.
The only investing that I do outside of my 401K is 2 mutual funds that we have. Investing in individual stocks is too risking (and calls for too much $$) for my little pennies, so I just stay with what I have. I would like to do more one day though.
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