This was originally recorded in 1967 by an R&B group called the Soul Brothers Six. Grand Funk drummer Don Brewer got the idea to record it. "We all grew up in Flint, Michigan," he said in a Songfacts interview
. "We used to listen to a station called WAMM, which was a black station in Flint. We all grew up on R&B, gospel and soul music, and they used to play the Soul Brothers Six version of that song all the time on WAMM radio in the '60s. When we were traveling around the country, I used to start singing that song in the back of the car a cappella, and everybody would just kind of jump in and sing along with me - 'I don't need a whole lots of money, I don't need a big fine car.' We'd kind of shear off on the choruses and stuff, and our manager said, 'That's a great song, why don't you record it,' so we recorded the song and it became a huge hit."