In an exclusive interview with the Mail on Sunday, the 40-year-old explained he still feels he has plenty to offer the game, and is eager to continue playing for as long as he possibly can.
"I had four offers in the summer," said Friedel. "I didn't choose the one with the highest financial reward, I chose what I thought was the best squad and the best opportunity.
"Kenny [Dalglish] was very much above board, said that he could offer me the world, offer me a lot of things, but he couldn't offer me first-team football enough."
Friedel made 31 appearances for Liverpool between 1997 and 2000 before being dumped by then Reds boss Gerard Houllier in favour of Sander Westerveld.
The former Anfield stopper has gone on to become one of the most consistent goalkeepers in the Premier League and currently holds the record for most consecutive appearances in the English top-flight.
After moving to White Hart Lane in the summer, and linking up with Spurs boss Harry Redknapp, Friedel is convinced he made the right decision, and despite his advancing years is determined to help lead the club to future success.
"I had a tough decision but after I had met the chairman, after I had met the gaffer, and you really see the squad and infrastructure at the club, it was clear that the ambition was to get bigger, better," he added.
"I never signed a contract in my career to be a No.2, I felt that if I had chosen Liverpool, I was sort of signing for my retirement."