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 7, 1986. In a 1987 interview for Nick Rocks, Nesmith stated, "When Peter called up and said 'we're going to go out, do you want to go?' I was booked. But, if you get to L.A ... I'll play." Nesmith appeared again in 1989 with Dolenz, Tork, and Jones when the Monkees received a Hollywood Walk of Fame Star. In 1995, Nesmith was again reunited with the Monkees to record their studio album (and first to feature all four since "Head"), titled "Justus", released in 1996. He also wrote and directed a Monkees television special entitled "Hey, Hey, It's the