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 in choral and drama activities during his years at Thomas Jefferson High School in Dallas. He also began to write verse poetry. When he was 15 he enrolled in the Dallas Theater Center teen program, where he was featured in several plays. Without graduating from high school, Nesmith enlisted in the United States Air Force in 1960. He completed basic training at Lackland Air Force Base in San Antonio, was trained as an aircraft mechanic at Sheppard Air Force Base in Wichita Falls, Texas, and then was permanently stationed at the Clinton-Sherman Air Force Base near Burns Flat, Oklahoma. While