Creating Cowboy Queso can be straightforward if you follow these simple steps:

1. Cook the Meat: In a large skillet over medium heat, brown the ground beef or sausage until fully cooked. Drain any excess fat.
2. Sauté Vegetables: Add the diced onion and bell peppers to the skillet. Sauté for about 5 minutes until the onions are translucent.
3. Add Tomatoes: Stir in the can of diced tomatoes with green chilies, including the juice. Allow the mixture to simmer for a few minutes.
4. Incorporate Cheese: Lower the heat and add the cream cheese, stirring until melted and well combined.
5. Add Shredded Cheeses: Gradually mix in the shredded cheddar and Monterey Jack cheeses, stirring until fully melted and creamy.
6. Season: Sprinkle in garlic powder, cumin, chili powder, salt, and pepper. Stir well to incorporate the spices.
7. Simmer: Allow the queso to simmer on low heat for about 5-10 minutes, stirring occasionally until heated through and creamy.
8. Serve Hot: Transfer the Cowboy Queso to a serving bowl, and enjoy it warm with tortilla chips.

These steps will guide you in creating this incredible dip effortlessly!