Take the cream cheese out of the fridge to soften.
While that comes to room temperature, In a skillet over medium high heat, heat the olive oil and brown the ground turkey.
When there is almost no more pink left in the turkey, add ½ of the taco seasoning and continue cooking until it is fully cooked. Set aside.
In a large mixing bowl, combine the cream cheese, sour cream, remaining taco seasoning, and the cheddar cheese. Mix with a hand mixer until smooth.
Set the dip in the fridge for 30 minutes up to over night.
When ready to serve, scoop the dip into your serving bowl, top with ground turkey, tomatoes, black olives, and cilantro.
Enjoy with tortilla chips!