Does the "early bird catch the worm?"?

I am pretty spoilt at work, I am allowed to come and go as I please. Sometimes I do not spill out of bed until 8am or 9am for example. Of course I do my job, and work hard else they would probably kick my ass out.

But do you think the early bird does catch the worm? I have decided to start a whole new routine, I am up and it is 4am! I think it is time for change, however why bother if it does not add value to my life? Any thoughts? Like does it work for you?