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 a part of my youth that is always active in my thoughts and part of my overall work as an artist. It stays in a special place." Despite not touring with Dolenz and Tork for The Monkees' 50th anniversary reunion in 2016, Nesmith contributed vocally and instrumentally to the Monkees album "Good Times!". Nesmith additionally contributed a song, "I Know What I Know" and was reportedly "thrilled" at the outcome of the album. In 1969, Nesmith formed the group First National Band with Kuehne, John Ware, and Red Rhodes. Nesmith wrote most of the songs for the band, including the