I've searched around the internet and apparently this is a fairly common problem people have. Sadly, despite the commonality, I couldn't find any definitive fix or solution for these problems. My PC isnt the best ever, but it can handle itself.
Graphics Card: NVIDIA GeForce GT 610
RAM: 8GB
Processor: AMD FX - 4300 Quad-Core Processor
(I'm not a hardware guy so I honestly have no idea if this stuff is good. I'm a software kind of guy)
So is any of this stuff the problem? If so, what should I replace and with what? I usually get a frame of video every 2 seconds or so, which makes cutting in the correct place a big hassle along with seeing how clips blend together.