I think what you need is Illustrator. That would be a simple thing of using "path offset" option. But if you only have PS, then make a new layer, write your text with the desired font.Then go to "Type" at the top bar, and select "convert to object". Then double click the layer with this text object and select Outline, and play with the settings til you get something you are happy with. Another option would be to duplicate that object layer, and change it's size, so that when placed behind the original layer, it would appear as an outline. Do the same but with a smaller object for the inner color.