Preheat your oven to 350°F (175°C) to ensure even baking.
In a large mixing bowl, cream together the softened butter, packed brown sugar, and white sugar until light and fluffy, about 2-3 minutes.
Add the egg and vanilla extract to the butter mixture and mix until fully incorporated.
In a separate bowl, whisk together the all-purpose flour, baking soda, and salt. Gradually add this dry mixture to the wet ingredients, mixing on low speed until just combined.
Using a spatula, gently fold in the white chocolate chips, chopped macadamia nuts, and dried cherries.
Using a cookie scoop, drop rounded tablespoons of dough onto a baking sheet lined with parchment paper, leaving about 2 inches between each cookie. Bake for 10-12 minutes or until the edges are lightly golden.
Remove from the oven and cool on the baking sheet for 5 minutes before transferring to a wire rack to cool completely.