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.
First National Band the brand new, Flying Burrito Brothers. Nesmith recalls how others seeing a former Monkee decked out in a Nudie suit with a steel player in tow must have been laughable to seasoned Country devotees, such as Parsons. However, their unique sound was enough to win over the LA club scene and create a new image for Nesmith. Nesmith also requested of venues that they not promote or reference his being a Monkee/ex-Monkee in their advertising or the band's introduction. Unfortunately, many Emcees would ignore his request and Nesmith would become irritated with them as well as with folks who would