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If your primary job is on W-2, do the second one as contract on 1099. You need to register ur C or S Corp to get the 1099. For the contract work if you can involve layers in the middle who can pay you under the table and don't issue a 1099, you can save alot on taxes.
I value my free time, so it hasn’t been worth it for me. I also feel like having a second job may hinder growth at your day job and that could be costly in a couple of years if you aren’t able to grow fast enough
Just don’t use your work laptop and make sure you don’t work anywhere close to the same set of industries and clients :)
And double check ur job contract