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 required real-life musical talent (writing, instrument playing, singing, recording, and performing in live concerts as part of The Monkees musical band). "The Monkees" television series aired from 1966 until 1968, and has developed a cult following over the years. After a tour of duty in the Air Force, Nesmith was given a guitar as a Christmas present from his mother and stepfather. Learning as he went, he played solo and in a series of working bands, performing folk, country, and occasionally rock and roll. His verse poems became the basis for song lyrics, and after moving to Los Angeles with