A common mistake for most musicians, engineers and producers is to disregard the real value of headphones in the studio. The truth is you can go cheap in other areas but not on your headphones. Because good quality headphones will bring your recording further than another flashy compressor.
Of course this is primarily for music recording. for voice over folks, headphones are much less important except when doing your final edits.
But when recording and mixing music, headphones are absolutely required when overdubbing. But the rule-of-thumb has always been to put the headphones away when it comes time for mixing and mastering. It is considered much better to rely on monitor speakers.
That’s great if your listening room is acoustically great. But when recording in a square spare bedroom that is not treated with acoustic materials like a lot of us, the value of monitor speakers diminishes. The sound you hear will be distorted by the imperfect room. So in that case good accurate headphones are super important to get accuracy in the mix. After that, I highly recommend listening on multiple other speakers, like the entertainment center, Alexa, and your car. Take notes and go back to the mix.
Rinse and repeat until your mix sounds good everywhere.
Read more about the value of headphones in a studio here: https://theproaudiofiles.com/headphones-in-the-studio/