This was first recorded in 1440 in the poem Partenope of Blois, Ye “wote wele of all thing must be an end.” Note that the word good is omitted. It is similar to “All things must pass”, “this too shall pass” and “here today, gone tomorrow” all of which imply that the transient nature of life applies to both the good and the bad.

Isaiah 40:6-8
A voice says, "Cry out!" And I said, "What shall I cry?"
All people are grass, their constancy is like the flower of the field.
The grass withers, the flower fades,
when the breath of the Lord blows upon it;
surely the people are grass.
The grass withers, the flower fades;
but the word of our God will stand forever.

The prophet Isaiah begs to differ with this proverb. Not all things come to an end. It is only everything except The Word of the Lord. It is God’s Word alone that endures forever. One might even argue, by analogy, that such a lasting thing is something we “can take with us” when we die.