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