Heat the olive oil in a heavy bottomed pot over medium high heat.
Add the onions and bell peppers and sautee for 5 minutes until starting to soften.
Add in the turkey and break up the meat with a wooden spoon. For a rustic chili, break into chunkier pieces. For a smoother, diner-style chili, break the meat into finer pieces, like spaghetti sauce.
Add in all of the dry spices (chili powder, oregano, cumin, salt/pepper, paprika, garlic powder) and hot sauce. Mix to combine.
Add in the beans, corn, and jalapeno pepper. Stir to combine.
Stir in the diced tomatoes, tomato paste, and 1/2 can of water. Bring to a simmer then lower the heat to medium low.
Simmer the chili for 20-25 minutes, stirring occasionally and seasoning to taste.
To serve, ladle into bowls and top with your favorite toppings. Most important step: Enjoy.