I want to show that for sequence $(a_n)$, defined as $a_n=\frac{6n+5}{2n+5}$, the following statement is true:
$$\lim_{n \rightarrow \infty} {\frac{6n+1}{2n+5}}=3$$
I started with stating that there exists an arbritary but fixed $ε>0$ and assumed that for an $n$ and $N_ε$, $n > N_ε$. I then used the Epsilon definition to prove that the limit is 3.
$$|a_n-3|<ε=|\frac{6n+1}{2n+5}-3|<ε \iff (\frac{6n+1}{2n+5}-3)=\frac{-7}{n}<ε \iff \frac{-7}{ε}=n$$
Here I set $\frac{-7}{ε}=:N_ε$ and since we know that $n>N_ε$ that means that $$\frac{1}{n}<\frac{1}{ε}=\frac{1}{\frac{-7}{ε}}=\frac{ε}{-7} ≠ ε$$
I don't understand where I went wrong in this proof, I've tried the same thing with other examples and get stuck in the same place.
You made one algebra error, and a number of other errors in the way your proof is organized and presented.
The algebra error, as José Carlos Santos notes, is that ${6n+1\over2n+5}-3={-14\over2n+5}$, not $-7\over n$. So that of course affects what comes after. However, let's suppose $a_n-3={-7\over n}$ is correct, and go from there.
The first, minor, problem is either a typo or a misuse of the equal sign: where you write
$$|a_n-3|\lt\epsilon=|{6n+1\over2n+5}-3|\lt\epsilon$$
you really mean is $\iff$ instead of $=$, i.e.,
$$|a_n-3|\lt\epsilon\iff|{6n+1\over2n+5}-3|\lt\epsilon$$
Also, at the other end of the display, where you write ${-7\over\epsilon}=n$, it should be ${-7\over\epsilon}\lt n$.
The second, more serious, problem is that $|a_n-3|\lt\epsilon$ is not equivalent to $(a_n-3)\lt\epsilon$; the absolute value sign is important. So the first set of displayed expressions should end in
$$|a_n-3|=\left|-7\over n\right|\lt\epsilon\iff {7\over\epsilon}\lt n$$
and thus we should set $N_\epsilon={7\over\epsilon}$.
The next problem is merely, I think, a typo: where you say that $n\gt N_\epsilon$ means that ${1\over n}\lt{1\over\epsilon}$, you pretty clearly meant to write ${1\over n}\lt{1\over N_\epsilon}$, since you go on to substitute the expression you derived for $N_\epsilon$ in the continuation.
The final, most significant, problem is one of logical relevance. You note, correctly, that $\epsilon\over-7$ (which, as noted above, shouldn't have the minus sign) is not equal to $\epsilon$. But that doesn't matter. What you really need here is a set of implications along the lines of
$$n\gt N_\epsilon\implies{1\over n}\lt{1\over N_\epsilon}={\epsilon\over7}\implies|a_n-3|={7\over n}\lt7\cdot{\epsilon\over7}=\epsilon$$
Of these, I'd say, the final problem is the most important: It looks like you were trying to derive the inequality ${1\over n}\lt\epsilon$ instead of $|a_n-3|\lt\epsilon$. In other words, it looks like you lost track of what it is you are supposed to prove. It might help, for future proofs of this type, to keep in mind that, come hell or high water, you need to wrap things up with a logical sentence of the form $n\gt N_\epsilon\implies|a_n-L|\lt\epsilon$.