Brown meat in batches in a Dutch oven over medium-high heat. Remove meat from pot, leaving the drippings in the pan.
Add chili powder to the drippings and cook; stirring constantly for 2 minutes.
Stir in tomato paste and cook 5 minutes.
Add beef back to Dutch oven. Add in the rest of the ingredients and bring to a boil. Reduce heat to low and simmer, uncovered, for 1 1/2 hours - stirring occasionally.
Serve with shredded cheese, rice, crackers, raw onion, or whatever you like!