In a stock pot or dutch oven, add in the beef, olive oil, and onion. Cook until beef is fully cooked and drain of any excess grease. Add in the garlic and cook for about a minute until fragrant.
Add in the carrots and cook for a few minutes. Add in the tomato paste, mustard, and Worcestershire sauce. Stir to combine and cook for 1 minute.
Now add in the beef broth and sugar, stir to combine and bring to a boil. Reduce to a simmer and partially cover and allow to simmer for 15 minutes until carrots are almost cooked to tender. Add in the peas and cook for a couple more minutes.
Taste and season with salt and pepper as needed.
Serve each bowl topped with an ice cream scoop of mashed potatoes and sprinkle with paprika if desired. Serves 4-5.