Add the olive oil to a large skillet and sauté the ground beef until cooked through.
While the beef is browning, drain and rinse the beans.
Add the salsa and the chili powder to the beef, and stir to combine.
Add the beans and the broth, and bring to a simmer.
Cook for 15 to 20 minutes to blend the flavors and allow the chili to slightly thicken.
Taste and adjust the seasonings to your liking.
If you like a spicier chili, you can add some cayenne pepper in with the chili powder or serve hot sauce on the side.
If desired, serve with fresh cilantro, sliced green onions, and/or shredded cheddar cheese!