• Create a 5" x 1.5" rectangle
• Select object
  • outline
    • create inner outline
• create a small circle
  • place it on the left side of the bookmark, slightly overlapping
  • select all objects and vertical center align
  • select the circle and the largest rectangle only
    • “unite”
• create a smaller circle inside of the other circle
• add text and stretch it to the size of the bookmark
  • stretch it so the it overlapping the first rectangle 
• Select the smaller rectangle and text ONLY
  • click “subtract” on the right side panel
• Select the bigger rectangle, right click, copy and paste TWO times
  • Set on to “cut”
  • Set the other to “score”

• Auto measure your material
• Cut your wood objects first

Cardstock:

Make sure you have it set to user defined and set your score settings. This is will cut your card stock. Use air assist if you have it. 

• I used modge podge to glue my cardstock to the back part of my bookmark
• Apply more on top of the card stock and place the top part on top
• Let it dry and add a pretty tassel

You can just paint the back piece if you choose to.