Example 1:
Prove by induction that $1+3+5+...+(2n-1)=n^2 \text{ for all } n \in \mathbb{N}....(*)$
Proof:
Step 1: For $n=1$, left-side we have $(2(1)-1) = 1$. Right-side we have $(1)^2 = 1$.
Step 2: Suppose (*) is true for some $n=k \in \mathbb{N}$ that is $$1+3+5+...+(2k-1)=k^2$$
Step 3: Prove that (*) holds true for $n=k \in \mathbb{N}$ that is (adding $(2k+1)$ to both sides) $$1+3+5+...+(2k-1)+(2k+1)=(k)^2+(2k+1)$$
we have
which shows both sides are equal?
but you can do this to several number of problems....
Example 2:
Prove by induction that $1^3+2^3+...+n^3=(1+2+...+n)^2 \text{ for all } n \in \mathbb{N}....(*)$
Proof:
Step 1: For $n=1$, left-side we have $1^3 = 1$. Right-side we have $(1)^2 = 1$. Which shows both sides are true.
Step 2: Suppose (*) is true for some $n=k \in \mathbb{N}$ that is $$1^3+2^3+...+k^3=(1+2+...+k)^2$$
Step 3: Prove that (*) holds true for $n=k \in \mathbb{N}$ that is (adding $(k+1)^3$ to both sides) $$1^3+2^3+...+k^3 + (k+1)^3=(1+2+...+k)^2 + (k+1)^3$$
we have
which shows both sides are equal again...
what am I fundamentally doing wrong?


There is really only one thing I can tell you are doing wrong, but it is not such a trivial point. Suppose your statement to prove is $S(n)$; the inductive hypothesis will be $S(k)$ (where this will be assumed to be true for some fixed $k\geq ?$), and you will then be trying to show that $S(k)\to S(k+1)$, where you work from the left-hand side of $S(k+1)$ to the right-hand side of $S(k+1)$. The problem is that you are not working to the right-hand side of $S(k+1)$. You simply throw in your extra summand in both examples but do not actually work towards coaxing the right-hand side of $S(k+1)$ out of the left-hand side of $S(k+1)$. To illustrate specifically what I am talking about, I'll show you via your first example (the same applies for your second example though).
Example 1: Here you are trying to establish that $$ S(n) : \sum_{i=1}^n(2i-1)=n^2. $$ Your inductive hypothesis is $$ S(k) : \sum_{i=1}^k(2i-1)=k^2. $$ Now, you need to show that $$ S(k+1) : \sum_{i=1}^{k+1}(2i-1)=(k+1)^2 $$ follows from $S(k)$. What you are doing is simply slapping on the extra $2k+1$ term on the left- and right-hand side of $S(k+1)$. This may not be seen as technically wrong in that it will ruin your proof, but it is very sloppy and should be avoided. In a simple summation problem like this, there's not much of an issue, but it's a bad habit to cultivate (the bad habit being not formulating the inductive proof very clearly). Here, we clearly have that $k^2+2k+1=(k+1)^2$, but what happens when you have something much more complicated? You end up with an unnecessarily complicated proof that is sloppy, unclear, etc. Here is how I would write up your proof:
Claim: For $n\geq 1$, let $S(n)$ denote the proposition $$ S(n) : \sum_{i=1}^n(2i-1)=n^2. $$
Base case ($n=1$): $S(1)$ says that $2(1)-1=1=1^1$, and this is true.
Inductive step: Assume that $$ S(k) : \sum_{i=1}^k(2i-1)=k^2 $$ is true for some fixed $k\geq1$. To be shown is that $$ S(k+1) : \sum_{i=1}^{k+1}(2i-1)=(k+1)^2 $$ follows. Beginning with the left-hand side of $S(k+1)$, \begin{align} \sum_{i=1}^{k+1}(2i-1)&= \sum_{i=1}^k(2i-1)+2(k+1)-1\tag{by $\Sigma$-defn.}\\[0.5em] &= k^2+(2k+1)\tag{by $S(k)$}\\[0.5em] &= (k+1)^2\tag{factor} \end{align} we end up at the right-hand side of $S(k+1)$, completing the inductive step.
By mathematical induction, the proposition $S(n)$ is true for all $n\geq 1$. $\blacksquare$
Finally, you may find this post helpful in regards to writing clear induction proofs.