In a large pot over medium heat, add ground beef or turkey and cook for about 6-8 minutes until browned. Drain excess fat if necessary, then set aside.

To the same pot, add drained beans, diced potatoes, corn, and diced tomatoes. Stir to combine and cook for 2-3 minutes.

Pour in broth and stir. Season with salt, pepper, chili powder, and smoked paprika. Bring to a gentle simmer.

Let the soup simmer for 20-25 minutes until potatoes are fork-tender.

Remove from heat and mix in shredded cheddar cheese until melted.

Taste and adjust seasoning as necessary. Serve and enjoy!