Measure a circle that’s 6 inches in diameter on the plywood, using the compass and noting the central point of the circle.
Cut out the circle of plywood with a jigsaw and sand the edges smooth with sandpaper.
Drill a hole all the way through the center of the circle, using a 1/4-inch countersink bit.
Push the screw bolt through the hole, forcing it if need be; when all the way in the hole, the top of the bolt should be flush with the wood. Remove the bolt and re-drill the hole of it’s not flush.
Fit the bolt in place and screw the nut on the other end. Tighten down by hand as far as you can. Fit and lock a pair of vise grips over the nut. Stand the disk on edge and grasp the vise grips in one hand.
Slot the tip of a screwdriver into the screw end of the blot and tighten, keeping a firm hold on the vise grips to tighten down the bolt. Continue to tighten until the bolt is fully secure.
Loosen the jaws of the drill with a chuck key and fit the end of the disk spindle in place before tightening the jaws again. Check the stability of the disk; it shouldn’t move backward or forward or wobble at all. Run the drill to check that the disk moves smoothly.
Attach a 6-inch circle of self-stick sandpaper to the front of the disk and press down to keep it in place. Run the sander for a moment to ensure the sandpaper stays in place.
Start the sander at a low speed and bring the disk down on a piece of wood to be sanded. Replace the sandpaper when needed by peeling the circle off the plywood disk and putting another in place.