The correct spelling of the phrase "be waring" should actually be "beware", pronounced as /bɪˈweər/. The sound of "e" in "waring" should be pronounced as "ə" or "uh" instead of "a" as in "wear". This mistake may occur due to mishearing or mispronouncing the word "beware" and spelling it phonetically. It is important to pay attention to the correct spelling and pronunciation of words to avoid confusion and better communicate with others.