Creating Smoky Peanut Butter Chili is straightforward if you follow these simple steps:

1. Heat the Oil: In a large pot, heat the olive oil over medium heat.
2. Cook the Meat: Add the ground beef or turkey and cook until browned, about 5-7 minutes. Drain excess fat.
3. Add Aromatics: Stir in the chopped onion and minced garlic, cooking for an additional 3-4 minutes until softened.
4. Mix Spices: Add the smoked paprika, chili powder, ground cumin, cayenne pepper (if using), salt, and pepper. Cook for 1-2 minutes, stirring frequently.
5. Combine Ingredients: Stir in the diced tomatoes, black beans, kidney beans, and peanut butter. Mix well to combine all the flavors.
6. Add Broth: Pour in the vegetable or chicken broth, stirring until fully incorporated.
7. Simmer: Bring the mixture to a gentle boil, then reduce heat to low and let simmer for 30-40 minutes. Stir occasionally to prevent sticking.
8. Taste and Adjust: Sample the chili and adjust seasoning as necessary.
9. Serve: Once the chili thickens and all flavors meld together, it’s ready to be served.

These steps will guide you in creating this incredible chili effortlessly.