To any viewers reading these post, I have found that my 32 bit system runs perfectly fine, if I render the video clips as I go. That might have been a obvious thing to do for most but it was my first week ever using a video editing software. I highly suggest rendering as you go if you're having issues. The only time my software freezes is on occasion when I attempt to apply a special effect. I hope this helps anyone with issues of their software freezing up on them or running rather slowly.
Jordan-