J. White told Billboard
the story of the beat:
"We were in LA. 'Bodak' was already out, we were probably #8 on Billboard now. The goal was to keep feeding the streets, just keep making records. Nobody really said in the studio, 'we gotta do another Bodak.' We just gotta do another record that's dope. That's what I preach in the studio period, to anybody that I work with. Don't worry about what we did before, that record is done and out there to the public. We gotta worry about another record. Let's stay in that grind mode, let's stay hungry, and it'll show on the track.
'Money Bag' is just that vibe, bro. For your female gangstas, dude gangstas, whatever gangsta you think you is. If you're getting money, period, you can relate to that record. I got a dope co-producer as well, his name is LaQuan Greene. He's a new, young, upcoming dope producer."