The spelling of the phrase "am one fate" is straightforward when using the International Phonetic Alphabet (IPA). "Am" is pronounced /æm/, and "one" is pronounced /wʌn/. Finally, "fate" is pronounced /feɪt/. Therefore, the correct spelling of the phrase is not "amonefate," but "am one fate." Phonetically, the phrase sounds like /æm wʌn feɪt/. It's important to use the correct spelling to avoid confusion and to convey the intended meaning accurately.