The-Dream explained the song's meaning to The Boombox
: '"All I Need" is a record that basically says the facts of what it should say," he said. "I usually have an analogy of a word or a phrase that describes what I am talking about. But you get to a certain point in life and you actually figure out that simple phrase, what 'All I Need' is in life."
"Sometimes we become gluttonous and think about cars and clothes stuff that doesn't really matter," The-Dream continued. "But this is about when you get to a point and you figure out what you really need in life. That song, especially from an emotional standpoint, it feels like I've founded all that I needed in a certain person at a certain point in life. So I was trying to musically get people to understand what that feels like from a sonic standpoint."