watch nowA lot of financial planning is, of course, about the future. But people's goals can backfire if they neglect themselves in the present, says Preston Cherry, a certified financial planner and founder and president of Concurrent Financial Planning in Green Bay, Wisconsin. "Starving your current self ... could be discouraging," said Cherry, who is also a member of CNBC's Financial Advisor Council. But people shouldn't have to pick between a good life now and a good life later, Cherry said. 'Wants are needs, too'The division between "wants" and "needs" is often too rigid for people, Cherry said.

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Persons: Preston Cherry, Cherry, it's Organizations: CNBC's, Council, Getty Locations: Green Bay , Wisconsin