Cut meat into medium-sized cubes. Preheat a soup pot with oil and brown all the sides of the meat cubes.
Dice carrots and onions. Add the veggies to the pot and cook them until they soften. Season with salt and pepper.
Add the water to the pot and turn the heat to low. Allow the stew gravy to simmer for at least 45 minutes, or until the beef turns super tender.
Whisk flour with a bit of cold water until there are no lumps. Whisk into the stew gravy. Simmer for an additional 10 minutes. Serve alongside your favorite grain or potato dish and enjoy!