The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith Phyllis and friend John London, he signed a publishing deal for his songs. Nesmith's "Mary, Mary" was recorded by the Paul Butterfield Blues Band, while "Different Drum" and "Some of Shelly's Blues" were recorded by Linda Ronstadt and the Stone Poneys. "Pretty Little Princess", written in 1965, was recorded by Frankie Laine and released as a single in 1968 on ABC Records. Later, "Some of Shelly's Blues" and "Propinquity (I've Just Begun to Care)" were made popular by the Nitty Gritty Dirt Band on their 1970 album "Uncle Charlie & His Dog Teddy". Nesmith began his recording career in 1963