Should I also do a few links to authority websites that aren't my own. Will this help me rank better? Any Benefit to SEO? Or should I just only internally link to my own pages of my site?
Just telling you right now, internal linking/siloing your site, is VERY important for ranking, sometimes siloing your site fully can outrank your competition even with no backlinks (for easy to medium keywords of course)
Linking out to relevant authority pages is natural and tho I haven't seen direct benefit myself, in theory Google likes more websites providing value than "dead ends".
Link out to relevant authority website will add a positive signal to the google. But it should be placed naturally into the content also add value to the readers. In SEO perspective, spreading the link juice throughout the site. It helps to increase your site conversion rate, reduce the bounce rate. Better crawl and indexing.
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