In a large pot, heat over medium heat and add the ground beef. Browning the meat develops flavor, so let it cook until fully browned, about 5-7 minutes.

Stir in the diced onion, garlic, and bell pepper. Sauté for about 5 minutes until the vegetables begin to soften, enhancing the chili's overall flavor.

Add the chili powder, cumin, smoked paprika, salt, and pepper to the pot.

Add the diced tomatoes and both types of beans. Stir well to combine.

Pour in the beef broth, mixing it all together.

Bring the chili to a boil, then reduce the heat and let it simmer for 30-40 minutes.

After simmering, taste your chili and adjust the seasoning as needed.

Serve the chili hot, garnished with your favorite toppings.