After leading New York Red Bulls to a Supporters Shield title last season, giving the team its first major piece of silverware, Cahill enjoyed a memorable World Cup with Australia - the highlight of which was scoring a stunning volley against Netherlands, widely acknowledged as one of the goals of the tournament.
That led to the 34-year-old landing No.50 spot in this season's Goal 50 list, making him one of only two MLS players to gain recognition along with USA defender Matt Besler.
"I think firstly to play in a World Cup in itself is a massive achievement, but to have the recognition as a footballer is always nice," Cahill told Goal after being asked about his selection for the award.
"Especially when you represent Australia and MLS, it is very nice to know and obviously you work hard for rewards like this."
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"I remember scoring a scissor kick against Chelsea at Stamford Bridge, which is pretty special and a goal in the 2006 World Cup.
"So I have scored some great goals, but the moment with us being 1-0 down and a minute later the cross from [Ryan] McGowan and the strike - everything was perfect. Drawing level at 1-1 against one of the best teams in the world, the occasion and the fans and being in Brazil added that extra spice as well to definitely make it one of my proudest moments as a footballer."
Currently in his third season as a Red Bulls player, Cahill was quick to defend the quality of MLS, which has been the target of criticism from the likes of Ashley Cole, who suggested a move to America from Chelsea would have been akin to retirement.
He continued: "I think it has a massive status in world football and it was proven with the way USA did in the World Cup and how they've done in the past World Cups.
"It is a tough league and a lot of Premier League players can come over and think that it's going to be easy but it's not. It's a league that needs to be respected and also people need to be mindful of the fact that it's growing every year.
"Over time it will be a massive force. You see now in the last week, AC Milan here, Roma, Manchester United, Man City, Liverpool. This is just in the last week. Everyone wants to be a part of American soccer."
Check out the video at the top of the page to view the full interview, in which Cahill discusses his time at Everton, David Moyes' unsuccessful spell at Manchester United and reveals why he thinks Lionel Messi should be considered as the best player in the world.
Click HERE to see the full list for the 2014 Goal 50
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