To pursue the PhD or not?

Met with the Archaeologist today for morning coffee. He's really got me excited about my work on the Filipino balikbayan box. He was shocked that I did not want to pursue the PhD and encouraged me to consider it since he believes that I can make a new and exciting contribution to the intellectual conversations on the immigrant experience and that this MA thesis can easily become a PhD thesis.

Nooooooooooooooooooo!!! Virtual poverty, more school, no benefits in my 30s?!?!?! I don't know. I've got to really think this through.