I'm just going to ditto what everyone else has been saying. It's not going to be pain free. But the type of pain you feel depends on you. Labor is different for everyone, that's why no one can tell you exactly what it feels like. For me, during both my labors I didn't have any really unbearable contractions until the last maybe 30 minutes or so. To me, 30 minutes of pain is worth holding that little bundle of joy in my arms. No pain medication for me either. And if you are deathly afraid of needles, I know a lot of people (including myself) that purposely go through natural childbirth just to avoid the needles. Epidurals are scarey, I once saw a friend of mine get hers and I swore that I would never have anyone put a needle that big anywhere near my spine.
I think if you want a baby that badly, the fear of pain won't bother you so much. I do remember freaking out about a month before I gave birth to my first born. For some reason, it seems to hit you in the third trimester that you're not just going to have a baby...you're going to have to give birth to that baby. It's like, you've known that for nearly 9 months, but the realization of it starts kicking in and I think everyone gets scared. But it is pain that goes away as soon as they put that precious baby in your arms
and another thing...
there are too many things I am not excited about...1. the weight gain (am seeing that weight loss after childbirth is very difficult...don't want the the sagging, stretched skin either. I know it's vain and I'm self-centered, but at least I'm admitting it to myself and not making myself miserable because I feel like I "should" be doing something I'm not 100% excited about. Also, I hate my body enough as it is...) 2. the no time for yourself afterwards factor...I am prone to mood swings and depression as it is and can't imagine what I would be like after all those hormonal swings. 3. just the financial realities of raising a baby....I still have alot of law school debt and I don't think the time is right now. I don't know if it would ever be right.
Not to talk you into it, but I want you to know a couple of things. 1. The faster you gain weight the faster you lose it. Therefore, the easiest weight to lose is weight from pregnancy. I'm not saying that it is easy, but if a good diet and exercise you can be back to prepregnancy weight relatively quickly. Also, you never know. You could be one of those people that I hate that seem to just snap right back down to their regular size the day after giving birth. Errrrr. Stretch marks can be easily avoided also. Get vitamin E lotion and rub it on your chest, belly and butt (all the hot spots for stretch marks.) With my first born, I thought I wasn't getting any stretch marks at all until after she was born I saw my butt and realized that's where they all went
2. Depression is really bad for some people and nonexistant with others after childbirth. With my first, it was horrible. With my second, it didn't exist. A good thing to do is have a babysitter...someone that will watch your baby whenever you need...a loving grandmother prehaps that wants to spend time with her brand new grandbaby. Have your husband take you out weekly. Being able to get away after having a baby is priceless. It's even more priceless if grandma is willing to have the baby spend the night every so often

3. I think if everyone waited until the "perfect" time to have a baby, the world would be very under populated. I really don't think there is ever a perfect time. There will always be bills to pay in this world. Sure, having a baby adds some extra bills, but you learn to deal. If I hadn't have gotten pregnant with my second one by accident, I would probably still be waiting for DH to tell me we're ready to have a second one. Sure we were scared to death about not being able to afford it, but I think we really surprised ourselves because it wasn't the financial crisis we thought it would be. We even managed to take the family to Disney World when DS was only 5 months old.
So if you're really feeling that "gotta have a baby" feeling, those are just some extra things to consider about your worries.